dreabb dreabb
  • 04-11-2021
  • Mathematics
contestada


Suppose you obtain a $4,000 T-note with a 4% annual rate, paid half-yearly, with maturity in 5 years. How much (simple) interest will you earn?

Respuesta :

jwoods76 jwoods76
  • 04-11-2021
Principal x Rate x Time = Interest

4000 x .04/2 x 5x2 = 800
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