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.
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
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