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Diane deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 4 years?

Diane deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 4 years?
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1 vote
Diane deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 4 years?

asked
User Pasukaru
by
8.5k points

1 Answer

3 votes

Answer:

The answer is 600 dollars 4 years

Explanation:

answered
User Maksym Dudyk
by
8.2k points
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