You have \500inasavingsaccountthatearnsin a savings account that earnsinasavingsaccountthatearns5%simpleinterestperyear.Howmuchinterestdoyouearninsimple interest per year. How much interest do you earn insimpleinterestperyear.Howmuchinterestdoyouearnin1$ year?
$20
$25
$30
$50