132k views
9 votes
Helpppppppppppppppppp

Helpppppppppppppppppp-example-1
Helpppppppppppppppppp-example-1
Helpppppppppppppppppp-example-2
Helpppppppppppppppppp-example-3
User BARNZ
by
7.8k points

1 Answer

4 votes

Answer:

$2400

$12,400

Explanation:

Simple interest equation:

PV(1+it)

we have

10000(1+.06*4)

10000(1.24)

12400

Subtract the PV to get the interest earned

12400-10000= 2400

We just found that the total would be 12,400 and so part B is already solved

User Denizs
by
8.5k points

No related questions found

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

9.4m questions

12.2m answers

Categories