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  • 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 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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