Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

$10,000 is invested for 4 years at an annual simple interest rate of 16%.

Sagot :

YTAllSubjects

Answer:

$16,400

Step-by-step Explanation:

Step 1: We multiply $10,000 by 16%, getting $1,600.

Step 2: We then multiply $1,600 by 4 (which is given). That gives us $6,400.

Step 3: Add that to $10,000. We get $16,400 as the answer!

Please mark me as brainliest! I really need it!!! Thanks!

saadatk

Answer:

Simple interest = P  x  r  x  t

                         = 10,000  x  16/100  x   4

                         =  $6400

Final amount = P (1 +rt)

                       = 10,000 (1 + 16/100  x  4)

                       = $16400

(or you can just add the simple interest to the principle amount to get the final amount)

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.