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ArbitrLikvidat [17]
4 years ago
9

Find the simple interest on $5,000 at 4% interest for 3 years.

History
2 answers:
makvit [3.9K]4 years ago
7 0

4% of 5000 is 200. 200 per year for 3 years would be $600. Hope this helps! :)

vivado [14]4 years ago
3 0

Answer:

<em>Interest = $600</em>

Explanation:

I = p r t

I = (5,000)(.04)(3) {multiply}

I = 600

Simple interest = $600

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