Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. how much interest will he be paid in the first 5 years?

$600 interest will be paid in the first 5 years

Step-by-step explanation:

Simple interest is calculated only on the principal or initial amount deposited. Jim deposits 6000 into an account that pays simple interest at a rate of 2% per year. The formula for simple interest is expressed as

I = PRT/100

Where

I represents interest after the given time.

R represents the interest loan on the principal.

T represent number of time in years.

P represents principal or initial amount deposited.

From the information given,

R = 2

P = 6000

T = 5

I = (6000 × 2 × 5)/100 = $600

the most boring ever written

step-by-step explanation:

i am writing something. yes, i plan to make it the most boring thing ever written. i go to the store. a car is parked. many cars are parked or moving. some are blue. some are tan. they have windows. in the store, there are items for sale. these include such things as soap, detergent, magazines, and lettuce. you can enhance your life with these products. soap can be used for bathing, be it in a bathtub or in a shower. apply the soap to your body and rinse. detergent is used to wash clothes. place your dirty clothes into a washing machine and add some detergent as directed on the box. select the appropriate settings on your washing machine and you should be ready to begin. magazines are stapled reading material made with glossy paper, and they cover a wide variety of topics, ranging from news and politics to business and stock market information. some magazines are concerned with more recreational topics, like sports card collecting or different kinds of hairstyles. lettuce is a vegetable.