Question 394379
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Simple interest is nothing more than the interest rate times the original principal each interest paying period.  You don't say, so I presume annual.  200 times 2% is 4.00.  4 goes into 50 12.5 times.  The thing is, unless they are paying the interest at 6 month intervals (or more frequently) you will never have exactly $50 interest.  At the end of the 12th year you will have 48 bucks, and at the end of the 13th year you will have 52.


John
*[tex \LARGE e^{i\pi} + 1 = 0]
My calculator said it, I believe it, that settles it
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