0
Anonymous
200
Wiki User
Chat with our AI personalities
4
1.2
700 x .04 = 28
23% = 0.23
Simple interest: 5000 + I = PTR/100 = 5000 + 5000 x 4 x 6/100 = 6200 Compound interest: = 5000 x 1.064 = 6312.38