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Linda deposits $800 into an account that pays simple interest at a rate of 4% per year. how much interest will she be paid in the first 3 years?
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Linda deposits $800 into an account that pays simple interest at a rate of 4% per year. how much interest will she be paid in the first 3 years?

User Danche
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1 Answer

2 votes
The formula is
I=prt
I interest paid?
P principle 800
R interest rate 0.04
T time 3years
I=800×0.04×3=96
User Ganesh Gudghe
by
7.5k points
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