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Charlie deposits $600 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 3 years?

Charlie deposits $600 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 3 years?
asked 139k views
2 votes
Charlie deposits $600 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 3 years?

asked
User Siebe Jongebloed
by
8.5k points

1 Answer

3 votes

Answer:

Explanation:

rounded to the nearest cent his answer would be $212.24

answered
User Darklow
by
8.4k points
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