Miguel deposits $400 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 5 years?

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Miguel deposits $400 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 5 years?

Mathematics
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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simple interest = 400*.05*5 5% of 400 for 5 years
I=prt
simple interest is just interest earned on the initial principal amount; nothing adds up over the years...

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