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

Prove that the sum of ab and ba is divisible by the sum of a and b
what is paragraph 1 mainly about​
Help me please do it ASAP
Pls Help LOTS OF POINTS
For whаt vаluе оf g does the function f(g) = g^2 + Зg equal 18
NEED HELP ASAP ON THIS QUESTION
Weighing about a ton on their 14th birthday, the average T-Rex grew 4.6 pounds per day from the age 14 to 18 years! Write a formula for this arithmetic sequence
evaluate 10.2x + 9.4y when x = 2 and y = 3.
Find the perimeter of the figure to the nearest hundredth.
What is sanchos attitude toward sternes writing in this excerpt