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I dont think is that hard haha please help lol Deandre deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 4 years?
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I dont think is that hard haha please help lol

Deandre deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 4 years?

User Kacper Wolkowski
by
7.7k points

1 Answer

1 vote

Answer:

$96 in interest

Explanation:

400(0.06)(4) = 96

User Ralphgabb
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