Question

If you invest $10,000 for a year in a saving account that yields 4% interest your profit is

Answer 1

10,400

Explanation:

10,000 x .04= 400

10,000 + 400= 10,400

Answer 2

The profit from a 4% interest rate on $10,000 for one year is:

Profit = $10,000 x 0.04 = $400

Therefore, the profit from investing $10,000 for a year with a 4% interest rate is $400.