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Jessica deposits $2000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?

Jessica deposits $2000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?
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Jessica deposits $2000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?

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User Marvin Frommhold
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1 Answer

5 votes
$2000 x 0.03 x 2 = $120
answer

interest will be $120 in the first 2 years
answered
User Davidthegrey
by
8.6k points
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