Josh deposits $4000 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? i don't know how to solve this question. Please show work!

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asked Oct 23, 2020 110k views

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Josh deposits $4000 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?

i don't know how to solve this question. Please show work!!!

Mathematics
middle-school

Victor Chekalin asked

by Victor Chekalin

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Answer:4000 deposit times 0.5 interest is 2,000. 2,000 x4 = 8,000 for 4 years.

Explanation:

Mireya answered Oct 30, 2020

by Mireya

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