SOLUTION: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive? This Question is from the TABE Test.

SOLUTION: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive? This Question is from the TABE Test.

Algebra.Com

Question 198465: Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
This Question is from the TABE Test.
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
I=p*r*t
:
I=4000*.06*5
:
I=1200
RELATED QUESTIONS
Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest... (answered by checkley77)

Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest... (answered by stanbon)

Alfred wants to invest $4,000 at 6% simple intetest rate for 5 years. How much interest... (answered by jorel555)

alfred wants to invest 4000 at 6% simple rate for 5 years. how much interest will he... (answered by robertb)

Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest... (answered by ljtrimble)

Art wants to know how much he'll have to invest today to receive an annuity of $8,000 for (answered by Theo)

1. Ellen has $8000 to invest in an RESP (Registered Education Savings Plan) for 7 years.... (answered by josmiceli)

Shahab has an opportunity to invest in a fund which earns 6% profit compounded annually.... (answered by Theo)

An investor will invest a total of $15000 in two accounts, one paying 4% annual simple... (answered by SAT Math Tutor)