karen deposits $300 into an account that pays simple interest at a rate of 5% per year. how much interest will she be paid in th

Question

bija089 [108]

3 years ago

7

karen deposits $300 into an account that pays simple interest at a rate of 5% per year. how much interest will she be paid in th

e first 4 years?

Mathematics

2 answers:

shtirl [24] · Answer 1 · 2022-05-23T02:00:17+03:00

shtirl [24]3 years ago

6 0

60 dollars. you will use the formula I=PRT

jeka94 · Answer 2 · 2022-05-23T04:29:04+03:00

Karen will be payed $60 in interest in the first four years.

We can solve this problem by using the simple interest formula (Interest = Principal * Rate * Time)

Interest = 300 * 5/100 * 4

Interest = 60, meaning that Karen will be payed $60 in interest in the first four years.