P5atessand2i P5atessand2i

14-03-2017
Mathematics

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Aldo deposits $6000 into an account that pays simple interest at a rate of 4% per year. how much interest will he be paid in the first 2 years

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rarrininger rarrininger

14-03-2017

I = P x R x T
I = 6000 x .04 x 2
I = $480

He will be paid $480 interest in the first two years

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