miaceceliaweber miaceceliaweber

06-02-2020
Mathematics

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Mia deposits $300 into an account that pays simple interest at a rate of 5% per year, how much interest would she be payed in the first 2 years?

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jasminezhao21666 jasminezhao21666

06-02-2020

Answer: $30

Step-by-step explanation:

I=PRT

I= (300)(0.05)(2)

I= 15(2)

I= 30

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