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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 th…

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 th…
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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!!!

User Victor Chekalin
by
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1 Answer

4 votes

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

Explanation:

User Mireya
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