3 years ago

The benefit that government receives from a tax is measured by

Business

1 answer:

Troyanec [42]3 years ago

4 0

Tax revenue, hope this helps!

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3 years ago

What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?

garri49 [273]

Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
$A = P(1+r*t)$

Solving:
$A = P(1+r*t)$
$A = 4000(1+0.06*2)$
$A = 4000(1+0.12)$
$A = 4000*1.12$
$\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark$

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