Westonci.ca is the Q&A platform that connects you with experts who provide accurate and detailed answers. Explore our Q&A platform to find in-depth answers from a wide range of experts in different fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.
Sagot :
Answer:
$600
Step-by-step explanation:
We have the interest formula: PRT/100
=> 4000 x 5 x 3/100
=> 40 x 5 x 3
=> 600
Therefore, the interest owed is $600.
Hoped this helped.
$600 because it’s 5% interest after 3 years, it will increase during that time so we multiply 5*3 which is 15, so 15%. We take the percentage of 15% and turn it into a decimal (0.15) then we multiply by $4,000 to get the answer. So 0.15*4,000= 600. In conclusion, $600 is the answer
Thank you for choosing our service. We're dedicated to providing the best answers for all your questions. Visit us again. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.