Respuesta :

m5nchu

Answer:

I = $ 480.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 6%/100 = 0.06 per year,

then, solving our equation

I = 4000 × 0.06 × 2 = 480

I = $ 480.00

The simple interest accumulated

on a principal of $ 4,000.00

at a rate of 6% per year

for 2 years is $ 480.00.

dylash2007
A = $4,480.00

I = A - P

Equation: A = P(1 + rt)

Calculation:
First, converting R percent to r a decimal
r = R/100 = 6%/100 = 0.06 per year.

Solving the equation:
A = 4000(1 + (0.06 x 2)) = 4480
A = $4,480.00

The total amount accrued, principal plus interest, from simple interest on a principal of $4,480.00 at a rate of 6% per year for 2 years is $4,480.00

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