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Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year?

Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year?
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Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year?

User Lawrence Douglas
by
8.1k points

1 Answer

0 votes

Answer:

$240

Explanation:

Simple Interest amount 1st year

6000x4x1/100=$240

User Bill Comer
by
7.4k points
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