you invest $4000 in an account that pays simple interest of 6% for 30 years. calculate the amount of money you'll have at the end of the indicated time period.

Answer 1

I = PRT
I = 4,000 * 0.06 * 30

Add the interest to the principal.

Answer 2

720

Answer 3

7200

Answer 4

interest= 7200

7200 + 4000 = 11,200

11,200 will be your total

Answer 5

Karen deposits $2000 into an account that pays simple interest at a rate 4% per year how much interest will she be paid in the first 5 years?