PLSSSS HELPPP Omar deposits 58000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 5 years?

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asked Mar 7, 2022 49.4k views

5 votes

PLSSSS HELPPP

Omar deposits 58000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 5 years?

Mathematics
high-school

Masoud Andalibi asked

by Masoud Andalibi

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1 Answer

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Answer:

58 000 x 2/100 = 1 160

1160 x 5 = 5800

58 000 + 5 800 = 63 800

Yovanna answered Mar 11, 2022

by Yovanna

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