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GaryK [48]
3 years ago
9

Ravi deposits $600 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the

first 6 years?
Mathematics
1 answer:
tamaranim1 [39]3 years ago
4 0
Just find the interest paid after one year, and then multiply the result by 6 (years).  This gives you the amount of simple interest.

The easiest approach would be to use the formula  i = p r t.  In this case p = $600, r = 0.04, and t = 6 years.
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