SOLUTION: David had $4000 invested for 1/4 of a year at a simple rate of 6.1%. How much interest did he earn? Please explain step by step. Thank you.

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: David had $4000 invested for 1/4 of a year at a simple rate of 6.1%. How much interest did he earn? Please explain step by step. Thank you.      Log On