Answered

Explore Westonci.ca, the premier Q&A site that helps you find precise answers to your questions, no matter the topic. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Nicole deposits $600 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 5 years?

Sagot :

Answer:

Donna will be paid

$

80

as interest.

Explanation:

S

I

=

P

×

R

×

T

100

Applying the formula for simple interest we get:

S

I

=

800

×

2

×

5

100

S

I

=

8

00

×

2

×

5

1

00

S

I

=

8

×

2

×

5

S

I

=

80

Step-by-step explanation:

XxxAnimeFanxxX

Answer:

$80

Step-by-step explanation:

Did this question in class before ;D

Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.