Question

$4,000 principal earning 6% interest after 3 years Simple Interest

Answer 1

$4720

Explanation:

Simple Interest

A=P(1+in)

A- Accumulated Amount

P- Principal Amount

i- Interest (÷100)

n- Number Of Years

A=P(1+in)

A=4000(1+0.06×3)

A=4000(1.18)

.°.A=$4720