math
posted by Anonymous on .
Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?

INTEREST= PRINCIPAL X INTEREST X TIME
= 4000 X 6 X 5
( YOU HAVE TO DIVIDE THE INTEREST RATE BY 100 WHICH WILL GIVE U .06)
= 4000 X .06 X 5
= 24 X 5
= 120