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Elena-2011 [213]

2 years ago

14

$4,000 principal earning 6% interest after 3 years Simple Interest

1 answer:

Tamiku [17]2 years ago

8 0

Answer:

$4720

Step-by-step explanation:

Simple Interest

A=P(1+in)

A- Accumulated Amount

P- Principal Amount

i- Interest (÷100)

n- Number Of Years

A=P(1+in)

A=4000(1+0.06×3)

A=4000(1.18)

.°.A=$4720

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