What would be the simple interest on an amount of $1000 at 4% interest? A. $30 B. $60 C $50 D$40

Carson Crane asked Jan 28, 2022

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11 votes

What would be the simple interest on an amount of $1000 at 4% interest?

A. $30

B. $60

C $50

D$40

Carson Crane asked Jan 28, 2022

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19 votes

Answer:

$40.

Explanation:

This is the way I found the answer:

1. 4 ÷ 100 = 0.04

2. 0.04 x $1,000 = $40

Therefore, $40 is our answer.

Irvin answered Feb 3, 2022

by Irvin

2.8k points

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