SOLUTION: Fred invested $4000 at a simple interest rate of 5.75%. What is the total value of his investment after one year?
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Question 1104161
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Fred invested $4000 at a simple interest rate of 5.75%. What is the total value of his investment after one year?
Answer by
ikleyn(52797)
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4000*(1+0.0575) = 4230 dollars.
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