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tiny-mole [99]
3 years ago
6

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

e first 5 years?
Mathematics
2 answers:
mamaluj [8]3 years ago
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]3 years ago
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

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