kevinthecrashdummy kevinthecrashdummy

29-04-2021
Mathematics

contestada

Alexton the Skeleton borrowed $4000 or 5 years
at a 6% simple interest rate to pay for his band
equipment. How much interest is that?

Respuesta :

dahianav636 dahianav636

07-05-2021

Answer: $1,200

Step-by-step explanation:

If you use the simple interest formula, I = (p)(r)(t), you’ll replace it with I = 4,000 x 0.06 x 5 it’ll give you $1,200 :)

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