1 answer:
Answer:
$50 and
$30
Step-by-step explanation:
Question 1. Principal = $500
Rate = 5%
Time = 2yesrs
Interest = PRT /100
= 500 x 5 x 2 /100
= 5000/100
= $50
Interest = PRT/100
Principal P =$500
Rate = 3%
Time = 2 years
Therefore, interest =
500 x 3 x 2 /100
= 3000/100
= $30
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