Alfred wants to invest $4,000 at 6% simple interest rate for 5 years.How much interest will he receive?
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Answered by
5
Answer:
$1200
Step-by-step explanation:
Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
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I = Prt
I = 4000*0.06*5 = $1200
Answered by
2
Answer:S.I.=P×r×T÷100
Where P is principal (investment)
R is the rate%(6%)
T is time in year
It is divided by 100 because the rate of interest is in% and for% we divide it by 100
Step-by-step explanation:
4000×6×5÷100=₹1200
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