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3 years ago

9

Aldo deposits $6000 into an account that pays simple interest at a rate of 4% per year. how much interest will he be paid in the

first 2 years

1 answer:

beks73 [17]3 years ago

3 0

I = P x R x T
I = 6000 x .04 x 2
I = $480

He will be paid $480 interest in the first two years

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