sophianieves60501 sophianieves60501
  • 04-06-2021
  • Mathematics
contestada

Michael deposits $4000 into an account that pays simple interest at a rate of 6% per year. How much interest will he be paid in the first 4 years? PLEASE ANSWER QUICK

Respuesta :

zhei zhei
  • 04-06-2021

Answer:

$960

Step-by-step explanation:

simple interest = [tex]\frac{P R T}{100}[/tex]

= [tex]\frac{4000*6*4}{100}[/tex]

= $960

Answer Link
Ankit
Ankit Ankit
  • 04-06-2021

I = PRT

I = 4000×0.06×4= 960

Interest = 960 dollars

Answer Link

Otras preguntas

Angle addition and angle bisectors In the figure below, mLJKM = 90°, mLNKM = 23°, and KN bisects LLKM. Find mLJKL.
Free P0ints! Happy New Year! Just type something to redeem 50 points!
A triangle is 20 in tall and 5 in wide. If it is reduced to a width of I in then how tall will it be? ​
Using the LIFO method and the information in this image, what is the Cost of Units on Hand and Cost of Goods Sold during this period?
A Streetcar Named Desire thesis essay
A Streetcar Named Desire thesis essay
brian is in a 100 mile bike race. he needs to average 12.5 mph if he wants to complete the race before it ends. in a practice ride he biked 60 miles. for the fi
Match the input and outputs for the relation equation image indicator The task is to match the lettered items with the correct numbered items. Appearing below i
There are 36 students in Mr. Meyer's class. Of those students, 5/12 played tag at recess, 1/3 played kickball, and the rest played basketball. How many students
A Streetcar Named Desire thesis essay