Question

$4000 at 6.5% for 5 years

Answer 1

The formula is; P x R x T divided by 100.

So, substituting them, it would be; 4000 x 6.5 x 5 divided by 100.

Simplifying further, it would be; 130000 divided by 100.

To which the answer would be; $1300.

Hope this helped! :)

Answer 2

5,300.00 hope that helps good luck