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17 February, 10:46

Mia deposits $300 into an account that pays simple interest at a rate of 5% per year, how much interest would she be payed in the first 2 years?

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  1. 17 February, 12:49
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    Answer: $30

    Step-by-step explanation:

    I=PRT

    I = (300) (0.05) (2)

    I = 15 (2)

    I = 30
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