mabelisbae mabelisbae

15-12-2016
Mathematics

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Lamar deposits $800 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years? Please answer with an explanation.

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mrbromeat mrbromeat

15-12-2016

Maybe try dividing the equations

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Aliwohaish12 Aliwohaish12

15-12-2016

The equation is total interest= principal*interest rate*time,,i=prt,,I=800*0.04*4=128

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