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Milan deposits $4000 in an account that pays simple interest at a rate of 5% per year. how much interest will he be paid in the first 3 years
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Milan deposits $4000 in an account that pays simple interest at a rate of 5% per year. how much interest will he be paid in the first 3 years

User Ithar
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7.4k points

1 Answer

5 votes
I=prt
I=4,000×0.05×3
I=600
User Kalpesh Lakhani
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7.6k points
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