Question

You invest $4000 in an account at 6.5% per year simple interest. How much will you have in the account at the beginning of the 9th year.

Answer 1

$6340

Explanation:

First figure out what 6.5% of 4000 is by multiplying not dividing because dividing will give you a way bigger number.

4000 x 6.5%=260

260 x 9=2340

2340+4000=6340