Elementary Algebra

by Kaufmann, Jerome; Schwitters, Karen;

Published by Cengage Learning

ISBN 10: 1285194055

ISBN 13: 978-1-28519-405-9

Chapter 4 - Proportions, Percents, and Solving Inequalities - 4.2 - Percents and Problem Solving - Concept Quiz 4.2 - Page 155: 10

Answer

True

Work Step by Step

With simple interest, one earns $1000 \times .05 = 50$ dollars per year. In two years, this adds to 100 dollars.

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