SOLUTION: Jane deposits $8000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 6 years?

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Question 803517: Jane deposits $8000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 6 years?


Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=8000*0.06*6
I=$2880