lily202074 lily202074

23-11-2020
Mathematics

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John deposits 4000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 5 years
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mayie07 mayie07

23-11-2020

2% per year
5 years
5 * 2 = 10 (10%)
4000 * .10 = 400 ($400 in the first 5 years)

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