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3 years ago

12

laura deposits $2000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in t

he first 6 years?

1 answer:

vladimir2022 [97]3 years ago

5 0

She will be paid $2,240.

The equation to use for this is: A=P(1+rt)

More specifically:
A = 2000(1 + (0.02 × 6)) = 2240
A = $2,240.00

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3 years ago

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step 4

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