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Mathematics

Answered

Aldo deposits $700 into an account that pays simple interest at a rate of 2% per year. How much interest will he be paid in the first 6 years?

Answer :

devishri1977 devishri1977

Today at 5:15 AM

Answer:

$84

Step-by-step explanation:

Principal = $700

r =2 % = 0.02

t = 6 years

Simple Interest = Prt

= 700 * 0.02 * 6

= $84

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