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Raina deposits $6000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 5 years

User GusP
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1 Answer

10 votes

Answer:

She will have $600 in the first five years

Explanation:

6000 - 10% = 5400 so it takes 600 and 2% in each year = 10% every 5 years so it is 600

User Eric Amodio
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