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

Updated: 4/28/2022

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.

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9y ago

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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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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.

### 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

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&gt;

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