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

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

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Question 725947: Karen deposits into an account that pays simple interest at a rate of per year. How much interest will she be paid in the first years?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
P=(1+R)^T WHERE P=THE INVESTMENT.
R=THE ANNUAL RATE IN PERCENT.
T= NUMBER OF YEARS.
P=(1+R)^1 ANS.
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