$4,000 principal earning 6% interest after 3 years Simple Interest

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Mjwrazor asked Oct 1, 2022

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$4,000 principal earning 6% interest after 3 years Simple Interest

Mathematics
high-school

Mjwrazor asked Oct 1, 2022

by Mjwrazor

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1 Answer

24 votes

Answer:

$4720

Explanation:

Simple Interest

A=P(1+in)

A- Accumulated Amount

P- Principal Amount

i- Interest (÷100)

n- Number Of Years

A=P(1+in)

A=4000(1+0.06×3)

A=4000(1.18)

.°.A=$4720

Ilikeorangutans answered Oct 8, 2022

by Ilikeorangutans

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