SOLUTION: If I invest $2000.00 dollars for one year and get a 2% interest rate how much money will I have made at the end of the year?
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Question 221199: If I invest $2000.00 dollars for one year and get a 2% interest rate how much money will I have made at the end of the year?
Answer by RAY100(1637) (Show Source): You can put this solution on YOUR website!
P = IRT
.
P = (2000)(.02)(1) = $ 40
.
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