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Find the balance at the end of 4 years if $10000 is deposited at a rate of 1.5% simple interest

Find the balance at the end of 4 years if $10000 is deposited at a rate of 1.5% simple interest
asked 217k views
4 votes
Find the balance at the end of 4 years if $10000 is deposited at a rate of 1.5% simple interest

asked
User Krummens
by
8.5k points

1 Answer

3 votes

Answer:

$9400

Explanation:

1.5x4=6%

100-6=94

0.94x10000=9400

answered
User Raphaelgontijolopes
by
7.8k points
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