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Dan deposits $400 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 3 years?

Dan deposits $400 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 3 years?
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Dan deposits $400 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 3 years?

User Sala
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The answer is $48. My work is in the picture above.
Dan deposits $400 into an account that pays simple interest at a rate of 4% per year-example-1
User Wolle
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