SOLUTION: Maria deposits $8000 into an account that pays simple interest at a rate of 5 per year. How much interest will she be paid in the first 2 years?

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Question 460543: Maria deposits $8000 into an account that pays simple interest at a rate of 5 per year. How much interest will she be paid in the first 2 years?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=8000*0.05*2
I=$800.00