SOLUTION: Tammy deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 6 years?
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Question 470002: Tammy deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 6 years?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
2% of $400 is $8 per year
6*8 = $48
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