Question

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.

Answer 1

1240

Explanation:

6x4=24

1000/10=100

100x2=200

100/10=10

10x4=40

200+40=240

1000+240=1240