Register

Milan deposits $4000 in an account that pays simple interest at a rate of 5% per year. how much interest will he be paid in the first 3 years

Milan deposits $4000 in an account that pays simple interest at a rate of 5% per year. how much interest will he be paid in the first 3 years
asked 203k views
2 votes
Milan deposits $4000 in an account that pays simple interest at a rate of 5% per year. how much interest will he be paid in the first 3 years

asked
User Ithar
by
8.2k points

1 Answer

5 votes
I=prt
I=4,000×0.05×3
I=600
answered
User Kalpesh Lakhani
by
8.0k points
← Prev Question Next Question →

Related questions

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
How do you estimate of 4 5/8 X 1/3
Link Copied!