Doris opens a new account with a deposit of $5,000. The account pays 2% simple interest. Interest is paid monthly into the account. If Doris does not deposit or withdraw any money for the first month, how much interest will the bank pay into her account? Select one: O A. $100 O B. $0.24 O C. $8.33 O D. $12

Doris opens a new account with a deposit of $5,000. The account pays 2% simple interest. Interest is paid monthly into the account. If Doris does not deposit or withdraw any money for the first month, how much interest will the bank pay into her account? Select one: O A. $100 O B. $0.24 O C. $8.33 O D. $12

Elementary Algebra

17th Edition

ISBN:9780998625713

Author:Lynn Marecek, MaryAnne Anthony-Smith

Publisher:Lynn Marecek, MaryAnne Anthony-Smith

Chapter3: Math Models

Section3.3: Solve Mixture Applications

Problem 3.66TI: has $8,000 to save for his daughter’s college education. He wants to divide it between one account...

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