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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