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10 January, 08:30

Mia deposits $600 into an account that pays simple interest at a rate of 4% per year, how much interest would she be payed in the first 3 years?

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  1. 10 January, 08:54
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    4% of 600 = 24

    24 x 3yrs = 72

    600 + 72 = 672
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