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Deposit $400 into an account that pays simple interest at rate of 4% per year how much interest will she be paid in the first 6 years
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Deposit $400 into an account that pays simple interest at rate of 4% per year how much interest will she be paid in the first 6 years
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Nov 15, 2019
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Deposit $400 into an account that pays simple interest at rate of 4% per year how much interest will she be paid in the first 6 years
Mathematics
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Peo Bondesson
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Deposit = $400
Simple interest = 4%
Simple interest for one year = 4% of $400 = 0.04 x 400 = $16
Simple interest for 6 years = 16 x 6 = $96
Total interest for 6 years is $96
Sallushan
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Nov 20, 2019
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Sallushan
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