SOLUTION: Ryan deposits $300 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 4 years?

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Question 925689: Ryan deposits
$300
into an account that pays simple interest at a rate of
6%
per year. How much interest will he be paid in the first
4
years?

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
I = Prt
I = $300(.06/yr)(4yr) = $72