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Thank you Mary Smith deposited $2,000 today in an account paying 5 percent interest annually. If you solve this problem with algebra round Intermediate calculations

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Mary Smith deposited $2,000 today in an account paying 5 percent interest annually. If you solve this problem with algebra round Intermediate calculations to 6 decimal places, in all cases round your final answer to the nearest penny.) What would be the simple interest earned on this investment in 5 years? Simple interest on investments With annual compounding, how much interest-on-interest would Mary earn in 5 years? Interest-on-interest $ Attempts: 0 of 1 used Submit Awe Savn for Later Using multiple attempts will impact your score. 50% score reduction after attempt 2

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