Heather deposits $3000 into an account that pays simple interest at a rate of 2% per year. How much interest will she be paid in the first 3 years?

I = PRT

3,000 * 0.02 * 3 = ?

180

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180 To calculate the interest Heather will be paid in the first 3 years, we need to use the formula for simple interest:

Interest = Principal * Rate * Time

In this case, the principal (the initial amount Heather deposited) is $3000, the rate is 2% per year, and the time is 3 years.

First, let's convert the rate from a percentage to a decimal. The rate is 2%, so we divide it by 100 to get 0.02.

Now we can plug in the values into the formula:

Interest = $3000 * 0.02 * 3

Calculating this, we get:

Interest = $180

Therefore, Heather will be paid $180 in interest in the first 3 years.