SOLUTION: alfred wants to invest 4000 at 6% simple rate for 5 years. how much interest will he recieve

SOLUTION: alfred wants to invest 4000 at 6% simple rate for 5 years. how much interest will he recieve

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Question 439629: alfred wants to invest 4000 at 6% simple rate for 5 years. how much interest will he recieve
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
I = Prt = 4000*0.06*5 = 1200
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