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MrRa [10]
3 years ago
6

Drew invests $4000 at 6% for 5 years. How much interest does Drew earn? Remember the formula for simple interest is I=prt.

Mathematics
1 answer:
expeople1 [14]3 years ago
6 0

Answer:

I = $1,200.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year,

then, solving our equation

I = 4000 × 0.06 × 5 = 1200

I = $1,200.00

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2 years ago
On a map the distance between St Petersburg, Fa, and Bladensburg. Md. Is shown below. If the actual
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8 0
3 years ago
Population of Jacksonville was 3810 and 2010 and is growing at an annual rate of 3.5% if the growth rate continues what will the
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