Karen deposits $300 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in th

Question

3 years ago

6

e first 5 years?

2 answers:

mamaluj [8] · Answer 1 · 2021-12-19T06:04:02+03:00

6 0

Answer: $60

Step-by-step explanation:

1% of $300 is $3

4% of $300 is $12

$12 a year for 5 years is $60

earnstyle [38] · Answer 2 · 2021-12-19T08:14:01+03:00

6 0

Answer:

60

Step-by-step explanation:

The formula for finding simple interest is A=PRT/100

P=300

R=4

T=5

So, A=300 x 4 x 5/100

That equal to 60