EmmaKieninger EmmaKieninger

22-05-2021
Mathematics

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Ivan deposits $6000 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first years?

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clarch19 clarch19

22-05-2021

Answer:

$120

Step-by-step explanation:

Interest = Principal x Rate x Time

I = 6000(.02)(1)

I = 120

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