Math  /  Word Problems

QuestionDeshaun deposits \4000at34000 at 3% simple interest. What interest will he earn in 2 years? I = P \times r \times t$

Studdy Solution
Calculate the interest amount.
Interest=$4,000times0.03times2=$240Interest = \$4,000 \\times0.03 \\times2 = \$240Deshaun will be paid $240 in interest in the first2 years.

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