Question

" Many locations require that renters be paid interest on their security deposits. If you have a security deposit of $2,300, how much interest would you expect to earn per year at 2 percent?"

Answer 1

Answer:

The interest you would expect to earn per year at 2 percent is $46.

Explanation:

interest = deposit*annual interest rate

             = $2,300*0.02

             = $46

Therefore, The interest you would expect to earn per year at 2 percent is $46.