michellemonroe012305 michellemonroe012305

28-11-2018
Mathematics

contestada

Use the simple interest formula to find the ending balance.

$4000 at 6.5% for 5 years.

Respuesta :

28-11-2018

The total amount

from simple interest on a principal of $ 4,000.00

at a rate of 6.5% per year

for 5 years is $ 5,300.00.

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