SOLUTION: Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first years?

SOLUTION: Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first years?

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Question 850913: Isabel deposits $4000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first years?
Answer by rvfer(117) (Show Source): You can put this solution on YOUR website!
I=Prt
I=4000*0.04*1
I=$160
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