SOLUTION: What is the simple interest on $700 invested at 5% per year for 2 years?

SOLUTION: What is the simple interest on $700 invested at 5% per year for 2 years?

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Question 263525: What is the simple interest on $700 invested at 5% per year for 2 years?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The 1st year:

Now I start off the 2nd year with $735

My total interest is $71.75
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