SOLUTION: Isabel deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Isabel deposits $5000 into an account that pays simple interest at a rate of 3% per year. How much interest will she be paid in the first 2 years?      Log On

    She will be paid the interest of  5000*0.03*2 = 300  dollars  in the first 2 years.      ANSWER