The same time that it will take for any other amount to double. However, for the actual calculations you need to know the interest rate.
4000
There were no Muslims around 4000 years ago when the Babylonians began using what we now call algebra.
It is 2400000.
4000
To the nearest thousand = 4000
3.25%
40 x 5 x 5 = 1000
find the interest on $4000 at 3.5% annual interest for 1 year 6 months
4000 x 1.05 = 4200 4200 x 1.05 = 4410
he will receive $1,200ANSWER:Yes $1,200 is the correct answer but the logic behind it is that, it is using simple interest term means here 6 is representing interest for a year, Inorder to calculate the whole interest we will multiply 6 by 5 years we will get 30%.The total interest he will get $4,000 x 30% = $1,200.
The answer choices for this question were not provided. You would first have to multiply the interest rate of 6 percent times 4000 which equals 240. Then you would multiply the 240 times 5 which equals 1200. An easier way is to multiply 4000 by 6 percent by 5.
The interest will be 8973.59 approx.
1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200
The interest is 300% per year.
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .
1 year
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