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 :

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

04-06-2021

I = PRT

I = 4000×0.06×4= 960

Interest = 960 dollars

Answer Link

Otras preguntas

In 1968,the estimated population of the world was 3,559,028,982 people.When this number is written in expanded form using exponents,one power of 10 would not be

Sue scored a total of 35 points in two games she scored 6 times as many points in the second game as in the first how many more points did she score in the seco

Amphibians can breathe through their skin. True False

Which are characteristics of trade in ancient Egypt? Choose all answers that are correct. A. Egypt had its own silver and gem mining. B. Traders came and went u

how many times is 5 bigger than 0.5?

Another word for acadians

What do you think is the most fascinating aspect of the internet?

Despite growing numbers, minority groups in the US continue to face

America changes through times of conflict, growth, or peace and cooperation?

What was a main purpose of monasteries built by the Catholic Church?