Charmaine deposits $7000 into an account that pays simple interest at a rate of 4% per year. how much interest will she be paid in the first 2 years

Hello!

Simple interest just means that she will be paid 4% of the initial amount every year. It will not compound. Let's find our number and multiply by 2.

0.04(7000)=280

280(2)=560

Therefore, she will be paid $560

I hope this helps!

answer: yes i agree that you should not put it on/p>

step-by-step explanation: the reason for this is that it wastes other peoples time and also make them fail as well and that is never good.