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Use the simple interest formula to find the ending balance $4000 at 6.5% for five years

Use the simple interest formula to find the ending balance $4000 at 6.5% for five years
asked 24.3k views
4 votes
Use the simple interest formula to find the ending balance $4000 at 6.5% for five years

asked
User Harold Ekstrom
by
7.4k points

1 Answer

6 votes
I=prt
I=(4000)(0.065)(5)
I=1300

answered
User Uneducatedguy
by
8.2k points
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