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Scott deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in th...Asked by Karthik
Mary deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 2 years?
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Answered by
mathhelper
I = PRT
= 400(.02)(2) = ....
= 400(.02)(2) = ....