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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.

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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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.

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

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Related questions

40 x 5 x 5 = 1000

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

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.

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

balls

40 x 6 x 5 ie 1200

Alfred nobel recived education at Jacob Paris Apologist school in finland>

Yes

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

50 million dollars

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