Josh deposits $4000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 4 years? i don't know how to solve this question. Please show work!

My account
Edit my Profile
Private messages
My favorites

Ask a Question
Questions
Unanswered
Tags
Categories
Ask a Question

asked Oct 23, 2020 110k views

4 votes

Josh deposits $4000 into an account that pays simple interest at a rate of 5% per year. How much interest will he be paid in the first 4 years?

i don't know how to solve this question. Please show work!!!

Mathematics
middle-school

Victor Chekalin asked

by Victor Chekalin

5.9k points

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

4 votes

Answer:4000 deposit times 0.5 interest is 2,000. 2,000 x4 = 8,000 for 4 years.

Explanation:

Mireya answered Oct 30, 2020

by Mireya

6.0k points

0 Comments

Please log in or register to add a comment.

Ask a Question

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

6.6m questions

8.7m answers

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

Other Questions