SOLUTION: Chris deposits $200 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years

SOLUTION: Chris deposits $200 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years

Algebra.Com

Question 910861: Chris deposits
$200
into an account that pays simple interest at a rate of
5%
per year. How much interest will he be paid in the first
3
years
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
I = Prt
I = $200(.05)3yrs = $30
RELATED QUESTIONS
Greg deposits into an account that pays simple interest at a rate of per year. How much... (answered by Alan3354)

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)

Kaitlin deposits $200 into an account that pays simple interest at a rate of 4% per year. (answered by rfer)

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)