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Debra deposits $800 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 5 years?

Debra deposits $800 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 5 years?
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Debra deposits $800 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 5 years?

asked
User Ufoguy
by
8.0k points

1 Answer

4 votes

Answer:

200$ in first year

Explanation:

answered
User Daniel Szalay
by
7.7k points
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