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Joe deposit $4000 into an account that pays simple interest to rate of 2% per year how much interest would be paid in the first three years

Joe deposit $4000 into an account that pays simple interest to rate of 2% per year how much interest would be paid in the first three years
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Joe deposit $4000 into an account that pays simple interest to rate of 2% per year how much interest would be paid in the first three years

Joe deposit $4000 into an account that pays simple interest to rate of 2% per year-example-1
User AFHood
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Answer is $240.00 because 2% of $4000 is 80. Multiply 80 by 3 years and you get $240.00
User Nevin Raj Victor
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