Question

Finding simple interest without a calculator
Diane deposits $800 into an account that pays simple interest at a rate of 5% per year. How much interest will she be paid in the first 3 years

Answer 1

Answer: you answer is 120.

Step-by-step explanation: all you have to do is multyply 800*.15 because that is how much present it is.

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Answer 2

I = prt

I= 800×0.05×3= 120

Answer- 120 $