Question 301431
{{{5000+6(5000x)=6200}}} (to get this equation, i looked at what i would do to say get 10% of 5000 and thats multiply ing .10 by 5000 to get the amount of interest for 1 year, since there are 6 years u have to multiply the % for a year by 6)
{{{5000+6(5000x)=6200}}} solve for x
{{{5000+(30000x)=6200}}}
{{{(30000x)=1200}}}
{{{x=.04}}}
4% interest