fifi930 fifi930

19-10-2021
Mathematics

contestada

chris deposits $300 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 4 years?

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tmaturah tmaturah

19-10-2021

Answer:

$60.00

Step-by-step explanation:

5/100*300=15

Simple Interest rate per yr is $15.00

15*4yrs= $60.00

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