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anyanavicka [17]
3 years ago
5

If you deposit $5,000 into an account that pays 4% simple interest, what will the balance be in 6 years?

Mathematics
1 answer:
aev [14]3 years ago
7 0

Answer:

$6,200   i hope this helps!   :)

Step-by-step explanation:

the 4% interest of the $5000   4% of 5000 = 200

multiply by 6 for the 6 years   200 * 6 = 1200

add the 1200 to the 5000   5000 + 1200 = 6,200

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5 0
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joja [24]

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8 0
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Please provide the working outs as well as the answer. Many thanks
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4 0
4 years ago
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