SOLUTION: Isabel deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?

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Question 1179899: Isabel deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?
Answer by ikleyn(52818)   (Show Source): You can put this solution on YOUR website!
.

    She will be paid the interest of  5000*0.03*2 = 300  dollars  in the first 2 years.      ANSWER

Solved.

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To see many other similar  (and different)  solved problems on simple interest accounts,  look into the lesson
    - Simple interest percentage problems
in this site.



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