Question

Use the simple interest formula to find the ending balance.

$4000 at 6.5% for 5 years.

Enter your answer in the box.

Answer 1

l= 13,000 hope this is correct

Answer 2

Answer: 13,000

Explanation:

I = prt

I = (.65)($4000)(5)

I = 2600(5)

I = 13,000