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Amy deposits 6000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 6 years?

Amy deposits 6000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 6 years?
asked 88.9k views
11 votes
Amy deposits 6000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 6 years?

asked
User Marco Amendola
by
7.3k points

1 Answer

4 votes

Answer:

6720

Explanation:

6000 times .02= 120

120 times 6 = 720

720 + 6000 = 6720

answered
User Kathy
by
8.0k points
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