SOLUTION: Laura deposits $4000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 2 years?

Question 935037: Laura deposits $4000 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 2 years?
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
4000*0.05*2 = 400
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