you invest $4000 in an account that pays simple interest of 6% for 30 years. calculate the amount of money you'll have at the end of the indicated time period.

interest= 7200

7200 + 4000 = 11,200

11,200 will be your total

7200

Ah, investing money, a classic topic! Well, let's crunch some numbers (or rather, calculate them in a hilariously informative way)!

If you've invested $4,000 at a simple interest rate of 6% for 30 years, hoo boy, we've got to determine the final amount. To do that, I need to ask if the interest is calculated annually or monthly? That's the real plot twist here!

To calculate the amount of money you'll have at the end of the indicated time period, you can use the formula for calculating simple interest:

A = P(1 + rt),

where:
A = the total amount of money at the end of the time period,
P = the principal amount (initial investment),
r = the interest rate per period (expressed as a decimal),
t = the number of periods.

In this case, your principal amount P is $4000, the interest rate r is 6% (or 0.06), and the time period t is 30 years.

Substituting these values into the formula, we get:

A = 4000(1 + 0.06 * 30).

Calculating this expression, we find:

A = 4000(1 + 1.8) = 4000 * 2.8 = $11,200.

Therefore, at the end of 30 years, you will have $11,200 in your account.

Karen deposits $2000 into an account that pays simple interest at a rate 4% per year how much interest will she be paid in the first 5 years?

I = PRT

I = 4,000 * 0.06 * 30

Add the interest to the principal.

720