moruazipporah777 moruazipporah777

08-06-2021
Mathematics

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find the simple interest on the following hint I = prn
[tex]i = \frac{prn}{100} [/tex]
4000 invested at 6% pa for 4 year

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Аноним Аноним

08-06-2021

Answer:

960

Step-by-step explanation:

I=PRN

I=4000(6%)(4)

You first want to convert your 6% to a decimal, you do so by dividing. 6/100= 0.06. Now you multiply to find your interest.

I=4000(0.06)(4)

I=4000(0.24)

I=960

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