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

2 Quarts 2 Liters __is larger than___ ( about __cups larger) explain how you did this
What was a RESULT of Justinian's attempt to reunite the eastern and western halves of the old Roman Empire? The effort was a complete failure. All of the wester
What number is between -1.75 and -1.5 on a number line?
what do monet,renoir,morisot,and van gogh have in common?
Who was most famous for giving his 'V' for victory hand signal at public meetings ?
atoms often lose protons but seldom lose or gain electrons
How can we prove that 4x+2(x+3)=8x+6
The purpose of nervous tissue is A. movement. B. support. C. protection. D. communication I cant find the answer in my book! help?
What is probably this person's job? She brought me a
Help in chemistry !!!!!!!!!!!