Answer:
Total Interest = $3.08
Step-by-step explanation:
A = P (1 + r/n)^(nt)
A = 30(1+.05/1)^(1*2)
A = 33.08
We want to find interest only so subtract principal amount from total value
33.08-30 = 3.08
Total Interest = $3.08
Total Value = $33.08
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