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vipblobfree22

Answer: At the end of 5 years, your savings will have grown to $552.

You will have earned in $52.04 in interest.

mhanifa

Answer:

  • $50

Step-by-step explanation:

Assumed it is a simple interest.

2% for 5 years is:

  • 2% * 5 = 10%

10% on $500 is:

  • $500*10/100  = $50