SOLUTION: david had $4000 invested for one fourth of a year at a simple interest of 6.1%. how much interest did he earn.

Algebra ->  Equations -> SOLUTION: david had $4000 invested for one fourth of a year at a simple interest of 6.1%. how much interest did he earn.       Log On


   



Question 364530: david had $4000 invested for one fourth of a year at a simple interest of 6.1%. how much interest did he earn.

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=4000*0.061*0.25
I=61