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Earn +20 ptsQ: What is 4 percent 0f 5000?
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How do you get 0.96 from 4 percent of 5000?
You do not. 4% of 5000 is not 0.96
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700 x .04 = 28
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200 is 4% of 5,000.
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5000 at 6 percent for 4 years?
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38
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