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OpenStudy (anonymous):
Leila deposits into an account that pays simple interest at a rate of per year. How much interest will she be paid in the first years?
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OpenStudy (anonymous):
The formula to determine simple interest is Principle * Interest rate * Number of interest occurrences.
OpenStudy (anonymous):
Leila deposits $400 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 2 years?
OpenStudy (anonymous):
Use the formula I gave you and try to set it up, what do you think it would be?
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