Ahmad deposits $3000 into an account that pays simple interest at a rate of 3% per year. How much interest will he be paid in th

Question

3 years ago

15

e first 4 years?

1 answer:

Sonja [21] · Answer 1 · 2022-10-13T12:31:06+03:00

Sonja [21]3 years ago

3 0

Answer:

.......

Step-by-step explanation:

Jahlan, simple interest means that interest is paid every year on the original $4000.

To find 2% of 4000, you multiply 4000(.02) = $80.

Since the interest is the same, 3(80) = $240.