Answer to Question #295842 in Finance for GIGIG

Question

A deposit of 1 000 $ works with an interest rate of 3%. The deposit's amount, in 2 years time, will be 1 061 $. The total interest earned from this financial placement and the interest earned after one year, are: " with steps"

a.61 $ and 30 $

b.31 $ and 60 $

c.20 $ and 61 $

d.50 $ and 20 $

e.30 $ and 60 $

Answer 1

a.61 $ and 30 $