omar1010 omar1010

23-01-2019
Mathematics

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Kira deposits $500 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?

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mooncake9090 mooncake9090

23-01-2019

Answer:

Your answer should be $120.

Step-by-step explanation:

6% per year * $500 = $30 per year.

$30 per year * 4 years = $120 total in interest

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