Answer:
$600 interest will be paid in the first 5 years
Step-by-step explanation:
Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as
I = PRT/100
Where
I represents interest after the given time.
R represents the interest loan on the principal.
T represent number of time in years.
P represents principal or initial amount deposited.
From the information given,
R = 2
P = 6000
T = 5
I = (6000 × 2 × 5)/100 = $600
94,000000 , 237,000 and 108
322/14 = 23
322 / 14
14 cannot go into 3, so 14 can go into 32 twice,
32-28 = 4 drop the 2
42. 14 can go into 42 3 times
42-42 = 0
Your answer is 23
