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

Need help with all of them please

Parents are a large factor in how their children perceive their bodies. -True -False

Easy way to explain adding and subtracting negative numbers

Afferent signals from external stimuli are carried by the __________.

PLEASE HELP ME...... Brett picks tomatoes from his garden and bags them up to give to his neighbors. He starts with 36 bags of tomatoes and gives out 12 bags ev

How did the end of the revolutionary war affect native americans, african americans and women?

A popular specialized accounting and financial-management software program is

Communication is the act of sending and receiving messages. Sometimes messages are communicated verbally, with words, or nonverbaly, with body language. When co

is OS X a mobile operateing system

Which statement best describes the difference between strong nuclear forces and weak nuclear forces? (2 points) Weak nuclear forces are involved when certain ty