SOLUTION: You invest $6000 in an account that pays simple interest of 4% for 1 year. Calculate the amount of interest you'll have at the end of the indicated period.
Algebra.Com
Question 1035806: You invest $6000 in an account that pays simple interest of 4% for 1 year. Calculate the amount of interest you'll have at the end of the indicated period.
Answer by jorel555(1290) (Show Source): You can put this solution on YOUR website!
$6000 * .04 (or 4%)=$240 simple interest at the end of one year!!!!!!!!
RELATED QUESTIONS
you invest $7000 in an account that pays simple interest of 7% for 4... (answered by lynnlo)
if you invest a total of $42,000 in three different bank accounts. one account pays an... (answered by Boreal)
Juanita has $24,000 to invest in two accounts that pay simple interest on an... (answered by lwsshak3)
Mahmoud invested 6000 in two accounts, some of it at 2% simple interest, the rest in an... (answered by josmiceli)
Suppose you invest a certain amount of money in an account that earns 4% annual interest... (answered by Earlsdon)
Ladt year, Tammy had $30,000 to invest. She invested some of it in an account that paud... (answered by richwmiller)
Suppose you invest a certain amount of money in an account that pays 6% interest annually (answered by ikleyn)
Ann deposits $6000 into an account that pays simple interest at a rate of
4% per year.... (answered by Boreal,MathTherapy)
Ann deposits
$6000
into an account that pays simple interest at a rate of
4%
per... (answered by Boreal,MathTherapy)