John deposits 4000 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 HELPPPP FAST please!!!!!

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asked Sep 12, 2021 112k views

2 votes

John deposits 4000 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

HELPPPP
FAST
please!!!!!

Mathematics
high-school

OregonGhost asked

by OregonGhost

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1 Answer

5 votes

2% per year
5 years
5 * 2 = 10 (10%)
4000 * .10 = 400 ($400 in the first 5 years)

Slavik Meltser answered Sep 18, 2021

by Slavik Meltser

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