SOLUTION: Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year
Algebra.Com
Question 958587: Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year
Answer by macston(5194) (Show Source): You can put this solution on YOUR website!
$6000(0.04)=$24 ANSWER: He would earn $24 the first year at 4% simple interest.
RELATED QUESTIONS
Last year, Dan had $10,000 to invest. He invested some of it in an account that paid 5%... (answered by josgarithmetic,greenestamps)
Carol invested $250 at a simple interest rate of 4%. Find the interest she will earn in 1 (answered by amarjeeth123)
Alex invested $6000, part at 6% simple interest and part at 4% simple interest for a... (answered by mananth)
José put $1,500 into a savings account. He earns 3% interest every year. How much... (answered by josgarithmetic)
José put $1,500 into a savings account. He earns 3% interest every year. How much simple (answered by josgarithmetic)
$4000 invested for 1/4 of a year at a interest rate of 6.1%, how much interest did he... (answered by lagapa)
How much money must be invested at 8% simple interest to earn $60 in 1... (answered by stanbon)
Ethan invested $19,000 for 1 year, part at 11% simple interest and part at 13% simple... (answered by ikleyn,mananth,Edwin McCravy,greenestamps)
omar puts 8,000 dollars in his savings the account earns 6% simple interest a year how... (answered by ewatrrr)