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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?
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OpenStudy (anonymous):
Simple interest = Principle (initial deposit) * Interest rate * Number of interest intervals. So what do you think it'll be? You try it out using the formula.
OpenStudy (anonymous):
idk $320 ?
OpenStudy (anonymous):
WAY off. Can you backtrack and tell me how you got there, maybe I can see where you went wrong and help you get the right answer?
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