document.write( "Question 1085410: Ann deposits
\n" ); document.write( "$6000
\n" ); document.write( " into an account that pays simple interest at a rate of
\n" ); document.write( "4%
\n" ); document.write( " per year. How much interest will she be paid in the first
\n" ); document.write( "2
\n" ); document.write( " years? \n" ); document.write( "

Algebra.Com's Answer #699496 by Boreal(15235) $\"\"$ $\"About$

You can put this solution on YOUR website!
P=Po(1=r)^t
\n" ); document.write( "=6000*(1.04)^2=6489.60
\n" ); document.write( "$489.60, after subtracting the initial principal.
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