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9 February, 02:48

Kala deposits $8000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 5 years?

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Answers (2)
  1. 9 February, 04:23
    0
    The answer is200 dollars
  2. 9 February, 04:40
    0
    Five percent of 8000 is 40, and 40 * 5 is 200, so $200.
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