Rachel deposits $6000 into an account that pays simple interest at a rate of 6% per year. How much i

Discussion in 'Calculator Requests' started by math_celebrity, Feb 22, 2017.

  1. math_celebrity

    math_celebrity Administrator Staff Member

    Rachel deposits $6000 into an account that pays simple interest at a rate of 6% per year. How much interest will she be paid in the first 4 years?

    Using our simple interest calculator, we get interest paid of $1,440
     

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