SOLUTION: Eric deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?

SOLUTION: Eric deposits $400 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 2 years?

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Question 1092029: Eric deposits $400 into an account that pays simple interest at a rate of
6% per year. How much interest will he be paid in the first 2 years?
Answer by jorel1380(3719) (Show Source): You can put this solution on YOUR website!
400 x 0.12=?
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