scarlett29382 scarlett29382

10-12-2020
Mathematics

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Austin deposits $3000 into an account that pays simple interest at a rate of 4% per year. How much interest will he be paid in the first 4 years

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kyconfusingspy kyconfusingspy

10-12-2020

Answer:

120 per year if im not wrong

Step-by-step explanation:

1% of 3000 is 30

30x4= 120

its 30x whatever percentage its at because 3000/100= 30

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