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

Without heat from the Sun, the water cycle would

Which of the following were true of the relationship between governors and colonial assemblies by 1750-1760? The assemblies were growing weaker and less effe

What is a real world application of atwood's machine?

What term describes people who are native to a land? Question 3 options: Non-natives Settlers Foreign Indigenous What term do we use for a large relatively

Suppose that the fault in problem 1.6 had been detected during the implementation phase. approximately how much would it have cost to fi x then?

Why did colonists resent the tea act

Approximately what percentage of state and local expenditures do bond referenda account for?

A company wants to decrease their energy use by 15%. If their electric bill is currently $1300 a month, what will their bill be if they are successful?

Yeet! I need some help! 16 points to whoever answers!

What was president washington's first reaction to the war between england and france that began in 1793?