Respuesta :

TheAnimeGirl

Answer:

$ 6200

Solution,

Principal(P)= $ 5000

Rate(R)= 4%

Time(T)= 6 years

Interest=?

Total amount=?

Now,

[tex]interest = \frac{principal \times rate \times time}{100} \\ \: \: \: \: \: \: = \frac{5000 \times 4 \times 6}{100} \\ \: \: \: \: \: = \frac{120000}{100} \\ \: \: \: \: \: = 1200[/tex]

Again,

[tex]total \: amount = principal + interest \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = 5000 + 1200 \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: = 6200[/tex]

Hope this helps...

Good luck on your assignment..

Again,

HumanBein

Answer:

$6,200.

Step-by-step explanation:

Using the Simple Interest Formula, you can calculate how much interest you can get after 6 years.

Interest = 5000 * 0.04 * 6 = 5000 * 0.24 = 1,200

The total interest that you can gain from those 6 years is $1,200.

Add your $5,000 initial deposit, and you will have $6,200 in 6 years.

Hope this helps!

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