0
Alfred wants to invest 4000 dollars at 6 percent simple interest rate for 5 years How much interest will he receive?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
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?
I am assuming this money compounds annually. Year 1 - 4240 Year 2 - 4494.40 Year 3 - 4764.064 Year 4 - 5049.908 Year 5 - 5352.90
Who are some mathematicians born in January?
Mathematicians born in January include Lewis Carrol, Alfred Tarski, and Brigas Sande.
Did pascal write there is more faith in honest doubt than in a thousand creeds?
There lives more faith in honest doubt than in half the creeds. Alfred Lord Tennyson.In Memoriam A.H.H. 96, ll. 11-12.In Memoriam A.H.H. From WikiquoteIn Memoriam A.H.H. is a long poem by the English poet Alfred Tennyson, completed in 1849. It is a requiem for the poet's Cambridge friend Arthur Henry Hallam, who died suddenly of a cerebral hemorrhage in Vienna in 1833, but it is also much more. Written over a period of 17 years, it can be seen as reflective of Victorian society at the time, and the poem discusses many of the issues that were beginning to be questioned. It is the work in which Tennyson reaches his highest musical peaks and his poetic experience comes full circle. It is generally regarded as one of the great poetic works of the British 19th century.See: http://en.wikiquote.org/wiki/In_Memoriam_A.H.H.
What is something that happened one million hours ago?
The Philippine-American War began as hostilities broke out in Manila.Scott Joplin's Maple Leaf Rag was registered for copyright as ragtime music enjoyed mainstream popularity in the United States.A large standing stone at Stonehengefell over, the most recent time that had happened.Al Capone, Gloria Swanson, Humphrey Bogart, Ernest Hemingway, and Alfred Hitchcock were born.Johann Strauss, Jr., Cornelius Vanderbilt, and King Ngwane V of Swaziland died.
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.
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
What awards did Alfred Wegener receive?
balls
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
Where did Alfred Nobel receive education?
Alfred nobel recived education at Jacob Paris Apologist school in finland>
Did Alfred Deakin receive any Awards or honours?
Yes
How much interest will Alfred receive if he invests 4000 at 6 simple interest rate for 5 years?
I am assuming this money compounds annually. Year 1 - 4240 Year 2 - 4494.40 Year 3 - 4764.064 Year 4 - 5049.908 Year 5 - 5352.90
How much money did Alfred Nobel make in his lifetime?
50 million dollars
What has the author Alfred Ernst Kaufmann written?
Alfred Ernst Kaufmann has written: 'Die Zinsempfindlichkeit der Investitionen' -- subject(s): Interest and usury, Capital investments
What are the release dates for Alfred Hitchcock Presents - 1985 The Human Interest Story 1-7?
Alfred Hitchcock Presents - 1985 The Human Interest Story 1-7 was released on: USA: 17 November 1985 Denmark: 28 July 1987
