# Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. how much interest will he receive?

1 answer

###### Question:

Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. how much interest will he receive?

## Answers

To get the interest after 5 years, use the formula for simple interest which is I = Prt.Where the meaning of the variables are:I = interestP = principalr = interest ratet = timeSo in the problem,P = $4,000r = 0.06 or 6/100 or 6% (but is usually expressed in decimal form)t = 5 yearsPlug those in the formula.I = Prt= ($4,000) (0.06) (5 years)= (240) (5)= $1,200After 5 years, Alfred will get $1,200 if he invest the $4,000 at 6 percent.

#### Similar Solved Questions

1 answer

### Keynes' law is Select all that apply: a. the opposite of Say's law b. the same as Say's law c. consistent with the statement that supply creates demand d. described by the statement that a lack of demand in the economy as a whole leads to inadequate incentives for firms to produce

Keynes' law is
Select all that apply:
a. the opposite of Say's law
b. the same as Say's law
c. consistent with the statement that supply creates demand
d. described by the statement that a lack of demand in the economy as a whole leads to inadequate incentives for firms to produce...

1 answer

### How old is a piece of wood that has 0.7813% of the carbon-14 of a living organism

How old is a piece of wood that has 0.7813% of the carbon-14 of a living organism...

2 answers

### What was the Beatles last album ? A( Abbey road) B(let it be) C(please please me) D( the white album)

what was the Beatles last album ? A( Abbey road) B(let it be) C(please please me) D( the white album)...

1 answer

### In Nebraska, the mean rain-fed corn yield of harvested fields are normally distributed, produce 147.2 bushels per acre with a standard deviation of 33 bushels per acre. How many bushels per acre are produced if a field is in the top 25%? O 180.2 O 125.2 O 155.45 O 169.2

In Nebraska, the mean rain-fed corn yield of harvested fields are normally
distributed, produce 147.2 bushels per acre with a standard deviation of 33 bushels per acre.
How many bushels per acre are produced if a field is in the top 25%?
O 180.2
O 125.2
O 155.45
O 169.2...

1 answer

### Which sentence contains three common nouns? Question 3 options The White Arabians of Ali-Khazar rose on their hind legs and waltzed. They made a romantic pair all right, especially in the blindfold sequence. They bought their tickets and surrendered them in anticipation. She has never upset an object or as much as brushed a magazine onto the floor.

Which sentence contains three common nouns? Question 3 options The White Arabians of Ali-Khazar rose on their hind legs and waltzed. They made a romantic pair all right, especially in the blindfold sequence. They bought their tickets and surrendered them in anticipation. She has never upset an ob...

2 answers

### What is the equation in slope-intercept form of the line that passes through the point (2,-2) and is perpendicular to the line represented by y = 2/5x+2

What is the equation in slope-intercept form of the line
that passes through the point (2,-2) and is
perpendicular to the line represented by y = 2/5x+2...

1 answer

### If KLM - NOP, find the perimeter of KLM. O 27 units 0 37 units O 34 units o 42 units

If KLM - NOP, find the perimeter of KLM.
O 27 units
0 37 units
O 34 units
o 42 units...

1 answer

### Which of the following was not rationed during world war 2 A sugar B gasoline C meat D bread

Which of the following was not rationed during world war 2 A sugar B gasoline C meat D bread...

1 answer

### Why might hunter-gatherer societies be considered preferable to later Neolithic societies

Why might hunter-gatherer societies be considered preferable to later Neolithic societies...

1 answer

### Which term defines using currency derivatives to reduce potential currency risks due to currency exchange rate movement that could lead to losses for a firm?Which term defines using currency derivatives to reduce potential currency risks due to currency exchange rate movement that could lead to losses for a firm?Which term defines using currency derivatives to reduce potential currency risks due to currency exchange rate movement that could lead to losses for a firm?

Which term defines using currency derivatives to reduce potential currency risks due to currency exchange rate movement that could lead to losses for a firm?Which term defines using currency derivatives to reduce potential currency risks due to currency exchange rate movement that could lead to loss...

2 answers

### Read this excerpt about activist Dolores Huerta. Throughout the twentieth century, strikes and efforts to unionize migrant workers had failed to achieve real change. But the civic activism that swept through America after World War II stirred the Mexican-American community, including Huerta’s family. In 1955, along with her mother and an aunt, Huerta became involved in grassroots organizing as a member of the Community Service Organization (CSO). She honed her organizing skills and became a lobb

Read this excerpt about activist Dolores Huerta.
Throughout the twentieth century, strikes and efforts to unionize migrant workers had failed to achieve real change. But the civic activism that swept through America after World War II stirred the Mexican-American community, including Huerta’s fami...

1 answer

### Sasha is dividing 1/4 pound of peanuts into 5 plastic bags. What fraction of a pound of peanuts will be in each plastic bag?

Sasha is dividing 1/4 pound of peanuts into 5 plastic bags. What fraction of a pound of peanuts will be in each plastic bag?...

1 answer

### Define a function coordtransform() that transforms its first two input parameters xval and yval into two output parameters xvalnew and yvalnew. the function returns void.

Define a function coordtransform() that transforms its first two input parameters xval and yval into two output parameters xvalnew and yvalnew. the function returns void....

2 answers

### Compare water energy with fossil fuels in terms of pollution and usage.

Compare water energy with fossil fuels in terms of pollution and usage....

1 answer

### If a new SUV that costs $50,000 and weighing 6,500 pounds is placed in service in 2012, the maximum Section 179 expense that can be taken is:

If a new SUV that costs $50,000 and weighing 6,500 pounds is placed in service in 2012, the maximum Section 179 expense that can be taken is:...

1 answer

### The mathematical chance that something will happen is known as

The mathematical chance that something will happen is known as...

1 answer

### The table represents a function. Which value is an output of the function? f(x) 0 -2 9 Yan -6 8 7 3 4 -5 3 -2 -5 12

The table represents a function.
Which value is an output of the function?
f(x)
0 -2
9 Yan
-6
8
7
3
4
-5
3
-2
-5
12...

1 answer

### How long did it take the apollo 11 astronauts to get to the moon? 2 days 9 hours and 23 minutes

how long did it take the apollo 11 astronauts to get to the moon? 2 days 9 hours and 23 minutes...

2 answers

### Match the science with the best description. 1. astronomy the study of weather and climate 2. geology the study of water, mainly oceans 3. oceanography the study of the stars, planets, and galaxies the study of minerals and rocks 4. meteorology

Match the science with the best description.
1. astronomy
the study of weather and climate
2. geology
the study of water, mainly oceans
3. oceanography
the study of the stars, planets, and
galaxies
the study of minerals and rocks
4. meteorology...

1 answer

### Why do scientists want to manufacture organs in space

Why do scientists want to manufacture organs in
space...