clararickerson clararickerson

02-04-2020
Mathematics

contestada

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

Respuesta :

zsword1804 zsword1804

02-04-2020

so
I=P⋅i⋅t=Ii⋅t=50000.04⋅6=20833.33

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