SOLUTION: Ivanna 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?

Question 882925: Ivanna 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 JulietG(1812) (Show Source): You can put this solution on YOUR website!
When you copy and paste from a program such as ALEKS.COM, you need to manually put in the variable numbers.
.
Here's an example of how to do this.
"Ivanna deposits $2000 into an account that pays simple interest at a rate of 4% per year. How much interest will she be paid in the first 2 years?"
deposit * rate * years
2000 * .04 * 2 = $160
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