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drzfinest drzfinest
  • 20-02-2017
  • Mathematics
Answered

Bob deposits $5000 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 6 years?

Verified Answer :

emmasloan20 emmasloan20
  • 22-02-2017

the answer is 1,200 but all you have to do is figure out what 4% of 5000 is and then multiply that by 6

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