allicorn393 allicorn393

01-12-2019
Mathematics

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Josh deposits $4000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 4 years?
i don't know how to solve this question. Please show work!!!

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msjassrn msjassrn

01-12-2019

Answer:4000 deposit times 0.5 interest is 2,000. 2,000 x4 = 8,000 for 4 years.

Step-by-step explanation:

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