Math  /  Word Problems

QuestionHong deposits \200at5200 at 5% simple interest. How much interest will he earn in 5 years? 200 \times 0.05 \times 5$

Studdy Solution
Calculate the interest amount.
Interest=$200times0.05times5=$50Interest = \$200 \\times0.05 \\times5 = \$50Hong will be paid \$50 in interest in the first5 years.

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