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Debra deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first 5 years?

Debra deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first 5 years?
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4 votes
Debra deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first 5 years?

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User Digikata
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7.9k points

1 Answer

2 votes
You will be paid $800 in interest.
answered
User Chanpkr
by
7.6k points
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