bryson7849 bryson7849

12-11-2021
Mathematics

contestada

A credit union pays interest of 2% per annum on a certain
savings plan. If $1000 is deposited in such a plan and the
interest is left to accumulate, how much is in the account after 1
year?

Respuesta :

tegankoepke tegankoepke

12-11-2021

Answer:

$1020

Step-by-step explanation:

1000 ÷ 100 = 10

10 × 2 = 20

$20 is gained per annum.

Answer Link

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