SOLUTION: Find the future value of a $2000 deposit at 2.4% for 4 years if the account pays simple interest. Thanks

SOLUTION: Find the future value of a $2000 deposit at 2.4% for 4 years if the account pays simple interest. Thanks

Algebra.Com

Question 630431: Find the future value of a $2000 deposit at 2.4% for 4 years if the account pays simple interest.
Thanks
Answer by khv_maths(12) (Show Source): You can put this solution on YOUR website!
Change 2.4 % to 0.024.
Add 0.024 with 1.
($2000*1.024)*4
=$2048*4
=$8192
RELATED QUESTIONS
Find the future value of the deposit if the account pays simple interest. $1000 at 2%... (answered by stanbon)

Find the future value of $1125 at 5.2% for four years if the account pays simple... (answered by Aldorozos)

Find the future value of $2400 deposited at 8% for 6 years if the account... (answered by math_helper)

You deposit $10,000.00 in a account that pays 5% interest compound quarterly. A) Find... (answered by Theo)

You deposit $10,000 in an account that pays 5.5% interest compounded quarterly. A.... (answered by greenestamps)

Find the future value on a savings account with a principle of $4700 at 4% simple... (answered by Theo)

Suppose you deposit $2000 in a savings account that pays interest at an annual rate of... (answered by josgarithmetic)

The principle 'P' is borrowed at simple interest rate 'r' for a period of time 't'. Find... (answered by rfer)

Find the future value of $2000 if it is invested for 4 years at an annual interest rate... (answered by Theo)