SOLUTION: Chris deposits $200 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 3 years

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Question 910861: Chris deposits
$200
into an account that pays simple interest at a rate of
5%
per year. How much interest will he be paid in the first
3
years

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
I = Prt
I = $200(.05)3yrs = $30