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 Mar 16, 2020 147k views

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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

Amitabh asked

by Amitabh

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1 Answer

3 votes

Answer:

1240

Explanation:

6x4=24

1000/10=100

100x2=200

100/10=10

10x4=40

200+40=240

1000+240=1240

Ou answered Mar 22, 2020

by Ou

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