SOLUTION: Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 958587: Jim invested $6,000 at 4% simple interest. How much interest will he earn the first year
Answer by macston(5194) About Me  (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.