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If a person deposits $8000 dollars in a bank account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years. I would just li
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If a person deposits $8000 dollars in a bank account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years. I would just li
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Question 715115:
If a person deposits $8000 dollars in a bank account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years. I would just like a formula please.
Thanks for your help and time,
Oliver Answer by checkley79(3341) (Show Source):