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?

Question

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?

anonymous · Answer

The formula to determine simple interest is Principle * Interest rate * Number of interest occurrences.

anonymous · Answer

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?

anonymous · Answer

Use the formula I gave you and try to set it up, what do you think it would be?