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Bob deposits $5000 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 6 years?
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Bob deposits $5000 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 6 years?

User Ilya Petukhov
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1 Answer

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the answer is 1,200 but all you have to do is figure out what 4% of 5000 is and then multiply that by 6

User Gaston Flores
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