SOLUTION: Jane deposits $400 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first years?

Question 817780: Jane deposits $400 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first years?
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

 

Hi,

 I = Prt =   = $12.00 

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