ytgclouty ytgclouty
  • 01-11-2017
  • Mathematics
contestada

What is the interest earned on $400 invested at the rate of 6% for one year? Type a numerical answer in the space provided. Do not type spaces in your answer.

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Agloe Agloe
  • 01-11-2017
the interest earned on $400 at 6% would make it $424 so I would guess the interest earned on year one would be $24
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faithdixon
faithdixon faithdixon
  • 02-11-2017

Amount of Interest Earned-$400
--add 6% growth rate
$424 is the Interest Earned in ONE Year.
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