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1 March, 11:23

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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  1. 1 March, 11:50
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    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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