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6 December, 16:44

Aldo deposits $6000 into an account that pays simple interest at a rate of 4% per year. how much interest will he be paid in the first 2 years

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  1. 6 December, 17:00
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    I = P x R x T

    I = 6000 x. 04 x 2

    I = $480

    He will be paid $480 interest in the first two years
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