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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.

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Q: Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
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Alfred wants to invest 4000 at 6 percent simple interest rate for 5 years How much interest will he receive?

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.


How much interest will Alfred receive if he invests 4000 at 6 simple interest rate for 5 years?

To calculate the simple interest earned on an investment, you can use the formula: Interest = Principal x Rate x Time. In this case, Alfred's principal amount is $4000, the interest rate is 6%, and the time period is 5 years. Plugging these values into the formula, we get: Interest = $4000 x 0.06 x 5 = $1200. Therefore, Alfred will receive $1200 in interest if he invests $4000 at a 6% simple interest rate for 5 years.


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Related questions

How much interest Alfred will you receive if Alfred invests 4000 at 5 percent simple interest for 5 years?

40 x 5 x 5 = 1000


Alfred wants to invest 4000 at 6 percent simple interest for 5 years how much interest will he receive?

6% of $4,000 = $240 .If it's paid 5 times, he receives (240 x 5) = $1,200 .


Alfred wants to invest 4000 at 6 percent simple interest rate for 5 years How much interest will he receive?

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.


How much interest will Alfred receive if he invests 4000 at 6 simple interest rate for 5 years?

To calculate the simple interest earned on an investment, you can use the formula: Interest = Principal x Rate x Time. In this case, Alfred's principal amount is $4000, the interest rate is 6%, and the time period is 5 years. Plugging these values into the formula, we get: Interest = $4000 x 0.06 x 5 = $1200. Therefore, Alfred will receive $1200 in interest if he invests $4000 at a 6% simple interest rate for 5 years.


Alfred wants to invest 4000 at 6 percent simple interest rate for 5 yrs how much interest will he received?

1200 rate*money invested*interest(divided by a 100) 5*4000*.06=1200


Alfred wants to invest 4000 at 6 percent simple interst rate for 5years how much interst will he receive?

40 x 6 x 5 ie 1200


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