lala2004ed lala2004ed
  • 24-06-2022
  • Mathematics
contestada

Principal: $4,000 at 6% for a) 4 years, b) 4 months, and c) 4 days.

Respuesta :

lucy20091017
lucy20091017 lucy20091017
  • 24-06-2022

Answer:

If you're asking for the interest:

a) 960

b) 80

c)2.63 approx.

Step-by-step explanation:

interest = principal x rate x time OR [tex]I = prt[/tex]

TIME IS IN YEARS.

Thus, the first would be [tex]I = 4000 *4 *6%[/tex]% = 960

Second: 4 months = [tex]\frac{1}{3}[/tex] year

I = 4000x[tex]\frac{1}{3}[/tex]x6% = 80

Third: t = 4 days =[tex]\frac{4}{365}[/tex]year

I = 4000x6%x[tex]\frac{4}{365}[/tex] ≈ 2.63

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