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Popular Word Problems >

David invested 4,000 for 2 years at a simple interest rate of 6%. How much interest did he earn?

Solution

D a v i d in v es t e d 4, 000 f or 2 ye a rs a t a s im pl e in t eres t r a t e o f 6%. Ho w m u c h in t eres t d i d h e e a r n ?

Solution

Interest : 480

Solution steps

Translate the problem into an equation:

I = 4000 \cdot 0.06 \cdot 2

Simplify

I = 4000 \cdot 0.06 \cdot 2

Interest : 480

Popular Examples

Find the area of a circle with a radius of 21 inches.find the circumference of a circle with an area of 615.75 the product of pragati,s age 2 years ago and 3 years hence is numerically 84 find her present age Pedro opened a savings account 8 years ago. The account earns 7% interest, compounded monthly. If the current balance is 800.00, how much did he deposit initially?28 percent of what number is 840