Doris opens a new account with a deposit of $5,000. The account pays 2% simple interest. Interest is paid monthly into the account. If Doris does not deposit or withdraw any money for the first month, how much interest will the bank pay into her account? Select one: O A. $100 O B. $0.24 O C. $8.33 O D. $12
Doris opens a new account with a deposit of $5,000. The account pays 2% simple interest. Interest is paid monthly into the account. If Doris does not deposit or withdraw any money for the first month, how much interest will the bank pay into her account? Select one: O A. $100 O B. $0.24 O C. $8.33 O D. $12
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.50TI: Susana invested a principal of $36,000 in her bank account that earned simple interest at an...
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Question
![Doris opens a new account with a deposit of $5,000. The account pays 2% simple
interest. Interest is paid monthly into the account. If Doris does not deposit or
withdraw any money for the first month, how much interest will the bank pay into her
account?
Select one:
O A. $100
O B. $0.24
O c. $8.33
O D. $12](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F032e5729-5090-402b-a05e-b27b49c53cc7%2Fc8cbc99a-e7fd-4f37-8e84-4e289387ad84%2Fcmof5x6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Doris opens a new account with a deposit of $5,000. The account pays 2% simple
interest. Interest is paid monthly into the account. If Doris does not deposit or
withdraw any money for the first month, how much interest will the bank pay into her
account?
Select one:
O A. $100
O B. $0.24
O c. $8.33
O D. $12
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