Register

Omar deposits $8000 into an account pays simple interest at a rate of 3% per year. how much interest will be paid in the first 5 years please help me

Omar deposits $8000 into an account pays simple interest at a rate of 3% per year. how much interest will be paid in the first 5 years please help me
asked 106k views
3 votes
Omar deposits $8000 into an account pays simple interest at a rate of 3% per year. how much interest will be paid in the first 5 years

please help me

asked
User Akshat Mahajan
by
7.7k points

1 Answer

3 votes
The amount of interest that will be paid in the first 5 years is $120.00
answered
User Joaquinglezsantos
by
9.0k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!