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

Question 582623: Greg deposits into an account that pays simple interest at a rate of per year. How much interest will he be paid in the first years?
Answer by Alan3354(69443) (Show Source): You can put this solution on YOUR website!
Greg deposits into an account that pays simple interest at a rate of per year. How much interest will he be paid in the first years?
-------------
Use A amount, r% interest and y years.
Greg deposits into an account that pays simple interest at a rate of r% per year. How much interest will he be paid in the first y years?
Interest = A*(r/100)*y

RELATED QUESTIONS
Rueben deposits into an account that pays simple interest at a rate of per year. How... (answered by JulietG)

Bob deposits into an account that pays simple interest at a rate of per year. How much... (answered by JulietG)

Karen deposits into an account that pays simple interest at a rate of per year. How... (answered by checkley79)

Jane deposits $400 into an account that pays simple interest at a rate of 3% per year.... (answered by ewatrrr)

Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per... (answered by rvfer)

Ivanna deposits into an account that pays simple interest at a rate of per year. How... (answered by JulietG)

Carlos deposits $3000 into an account that pays simple interest at a rate of 5% per year. (answered by jim_thompson5910)

Tony deposits$6000 into an account that pays simple interest at a rate of 2% per year.... (answered by stanbon)

Joe deposits 3000 into an account that pays simple interest at a rate of 6% per year.... (answered by stanbon)