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  • 20-04-2021
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contestada

what is the simple interest earned for each year on $100 at 2%

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brittonleight brittonleight
  • 20-04-2021
$2? i think cause like 2/100 is 2 percent
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001480814
001480814 001480814
  • 20-04-2021

Answer:0.02

Explanation:First, converting R percent to r a decimal

r = R/100 = 2%/100 = 0.02 per year

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