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

In the Kansas-Nebraska Act, the idea of popular sovereignty meant what?
.. Use a graphing calculator to graph the functions /(x) = Vx - 3+ 5 and g(x) = x on the same screen. How could you use the graph to solve the equation VX-3 + 5
40 points! Write a question for each type that you would ask one of the attorneys if you were a justice hearing oral arguments in United States v. Nixon: a.Ques
What kind of music do you like?​
Two Roads , Joseph Bruchac summary.
Write an equation of the line that passes through (1,2) and is parallel to the line y = -5x+4
How did James I contribute to the spread of Protestantism? He ordered a new translation of the Bible. He united all Protestant denominations into one church.
Why do you think eclipses do not occur more often?
Please answer the question.
Which would be an estimate for 36,004 ÷ 853