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OpenStudy (mikezack123):
Abdul deposits $2000 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 5 years?
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OpenStudy (mikezack123):
@ganeshie8 @Hero @pooja195 @satellite73 PLEASE HELP! its my last question!! :)
OpenStudy (mikezack123):
@Zale101 could u please help me?
OpenStudy (astrophysics):
Simple interest is just \[I = prt\] where I is the interest, p in the investment, r is the interest rate, and t is time in years.
OpenStudy (mikezack123):
thank u!
OpenStudy (astrophysics):
Np
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