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?
2 answers:
60 dollars. you will use the formula I=PRT
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.
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