Question

Dan deposits $4000 into an account that pays simple interest at a rate of 4% per year. how much interest will he be paid in 6 years

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Answer 1

$9,600 is what he'll earn in all but the interest that he will earn is $5600

Explanation:

To find out the interest earned in all you multiply 4000 times .4 times 6 which is 9600 so if you want to figure out the interest paid it is 9600 - 4000 which is 5600