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16 August, 14:32

Kira deposits $500 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?

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  1. 16 August, 14:42
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    Your answer should be $120.

    Step-by-step explanation:

    6% per year * $500 = $30 per year.

    $30 per year * 4 years = $120 total in interest
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