1200
rate*money invested*interest(divided by a 100)
5*4000*.06=1200
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .
Seven percent.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
The total interest would be 73606.07 dollars, approx.
You need to invest 42027.98
6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $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.
Your aunt is planning to invest in a bank CD that will pay 8.00 percent interest semi-annually. If she has $13,000 to invest, how much will she have at the end of four years?
Seven percent.
It's 1/10th of the amount you put in. The more you deposit or invest, the more interest you get.
You will have $11576.25
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.
6.85
The total interest would be 73606.07 dollars, approx.
$10,000
Interest rate is 9 % and doubling time is 8 years. If you invest $5,000.00, what will it grow to in 24 years?
You need to invest 42027.98