Makaylah C.

asked • 11/10/16
Taylor invests $6000 at 5% simple interest for 4 years. How much is in the account at the end of the 4-year period? Include the dollar sign in your answer.

Elizabeth H.
answered • 11/10/16

Energetic tutor with Master's Degree

I = Prt

I = interest

P = principle

r = rate

t = time

So I = $6000 x .05 x 4

I = $1200

The total amount in the account is the original $6000 plus $1200 interest, so $7200 .

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