Jones invests USD 250.000 in a building society account. At the end of the year her account is credited with 2% interest. How much interest had he earned in the year?

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter7: Losses—deductions And Limitations
Section: Chapter Questions
Problem 20P: Carlos opens a dry cleaning store during the year. He invests 30,000 of his own money and borrows...
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Jones invests USD 250.000 in a building society account. At the end of the year her account is
credited with 2% interest. How much interest had he earned in the year?

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