Charlie deposits $4000 into an account that pays simple interest at a rate of 2% per yearHow much interest will be be paid in the first years?

The interest to be paid in the first year is $80

Step-by-step explanation:

Simple Interest = p×R×T  / 100

WHERE p= principal   R= rate and t=times in year

we are given principal (p) = $4000

Rate (R) =  2     and Time T=1

We can now proceed to plug in our values in the formula

Interest = P×R×T  / 100

             =$4000×2×1  / 100    (The two zeros at the denominator will cancel-out two zeros at the numerator, we will be left with just 0 zero at the numerator)

             =40 × 2×1

              =$80

Therefore the interest to be paid in the first year is $80

answer: true

step-by-step explanation:

add the table and i will answer correctly

step-by-step explanation: