dariuswalker8235 dariuswalker8235
  • 13-08-2017
  • Business
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Linda deposits $800 into an account that pays simple interest at a rate of 4% per year. how much interest will she be paid in the first 3 years?

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Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 13-08-2017
The formula is
I=prt
I interest paid?
P principle 800
R interest rate 0.04
T time 3years
I=800×0.04×3=96
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