Jordan invested $1,000 in a savings account. The interest rate is 6% per year. Find the simple interest earned in 4 years. Then find the total of principal plus interest.

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asked Apr 9, 2020 81.7k views

1 vote

Jordan invested $1,000 in a savings account. The interest rate is 6% per year. Find the simple interest earned in 4 years. Then find the total of principal plus interest.

Mathematics
middle-school

Julius F asked

by Julius F

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1 Answer

6 votes

Answer:

Explanation:

SIMPLE INTEREST IS I=Prt

I=(1000)(.06)(4)

I=240

1000+240=1240

Florent Champigny answered Apr 14, 2020

by Florent Champigny

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