how much money do i need for simple interest for $2000 at 5% interest in 2 years?

Answer 1

first scince it say 2 years you multiply then add like this.
2000x5%=100.00
next 100.00+2000=2100.00
thats the first year

2100.00x5%=105.00
105.00+2100=2205.oo
for the second year
so your answer will be $2205,105