Ask Question
2 January, 18:18

reuben deposits $700 into an account that pays simple interest at a rate if 5% per year. How much interest will he be paid in the first 3 years.

+1
Answers (1)
  1. 2 January, 20:03
    0
    Carmen deposits $400 into an account that plays simple interest at a rate of 5% per year. Amount in the account after 5 years:

    $400 times (1.05) ^5

    =$510.51

    The interest she will be paid in the first years = $110.51
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “reuben deposits $700 into an account that pays simple interest at a rate if 5% per year. How much interest will he be paid in the first 3 ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers