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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?

Solución

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 ?

Solución

Interest : 480

Pasos de solución

Translate the problem into an equation:

I = 4000 \cdot 0.06 \cdot 2

Simplificar

I = 4000 \cdot 0.06 \cdot 2

Interest : 480

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