SOLUTION: David had $4000 invested for one fourth of a year at a sample interest rate of 6.1% How much interest did he earn?

SOLUTION: David had $4000 invested for one fourth of a year at a sample interest rate of 6.1% How much interest did he earn?

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Question 329770: David had $4000 invested for one fourth of a year at a sample interest rate of 6.1% How much interest did he earn?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
David had $4000 invested for one fourth of a year
at a simple interest rate of 6.1%
How much interest did he earn?
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Interest = Prt
I = 4000*0.061*(1/4) = $61.00
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Cheers,
Stan H.

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