You invest $4000 in an account at 6.5% per year simple interest. How much will you have in the account at the beginning of the 9
th year.
1 answer:
Answer:
$6340
Step-by-step explanation:
First figure out what 6.5% of 4000 is by multiplying not dividing because dividing will give you a way bigger number.
4000 x 6.5%=260
260 x 9=2340
2340+4000=6340
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