if you start out with $1000 and you earn simple interest at 2% per year how much interest will you earn over a ten year period, and how much money amount would you earn at the end of ten years?

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if you start out with $1000 and you earn simple interest at 2% per year how much interest will you earn over a ten year period, and how much money amount would you earn at the end of ten years?

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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Simple Interest = Principal x Rate as a decimal x time Principal: $1000 Rate: 2% or 0.02 as a decimal (per year) Time: 10 years I = 1000 x 0.02 x 10 = 200 (this is the interest you earned). Then, add that to the principal to find the total money amount which is 200 + 1000 = $1200.

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