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Mia deposits $300 into an account that pays simple interest at a rate of 5% per year, how much interest would she be payed in the first 2 years?
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Oct 13, 2021
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Mia deposits $300 into an account that pays simple interest at a rate of 5% per year, how much interest would she be payed in the first 2 years?
Mathematics
middle-school
Robpal
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Answer: $30
Explanation:
I=PRT
I= (300)(0.05)(2)
I= 15(2)
I= 30
Dave Pateral
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Oct 20, 2021
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