Peter plans to invest $2000 for 4 years. The 4 bank offers an interest rate of 6% using simple interest. How much will the he have in the account after 4 years?

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asked Nov 8, 2023 167k views

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Peter plans to invest $2000 for 4 years. The 4 bank offers an interest rate of 6% using simple interest. How much will the he have in the account after 4 years?

Peter plans to invest $2000 for 4 years. The 4 bank offers an interest rate of 6% using-example-1

Mathematics
college

Flabetvibes asked

by Flabetvibes

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Answer:

2480

Explanation:

si=p.t.r/100

200*4*6/100=480

total in four years=si+2000

480+2000=2480

Jay Chakra answered Nov 15, 2023

by Jay Chakra

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