Question 582623: Greg deposits into an account that pays simple interest at a rate of per year. How much interest will he be paid in the first years? Answer by Alan3354(69443) (Show Source):
You can put this solution on YOUR website! Greg deposits into an account that pays simple interest at a rate of per year. How much interest will he be paid in the first years?
-------------
Use A amount, r% interest and y years.
Greg deposits into an account that pays simple interest at a rate of r% per year. How much interest will he be paid in the first y years?
Interest = A*(r/100)*y
