janessagonzalez52 janessagonzalez52

29-03-2021
Mathematics

contestada

Ivan has $50,000 in a savings account that earns 4% interest per year. The interest is not compounded. To the nearest dollar, how much interest will he earn in 5 years?

Respuesta :

juliorosorio18 juliorosorio18

29-03-2021

Answer:

$2,000

Step-by-step explanation:

4% of $50,000 is $2,000 so 2,000 X 5 =10,000

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