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Algebra Question for Title 1 Schools: Simple Interest Question?
7) How much will Fred receive if he invests $4,000 at 6% simple interest for 5 years?
I = (r x t x p) / 100
I = (6 x 5 x 4000) / 100
I = $1,200
7) How much will Fred receive if he invests $4,000 at 6% simple interest for 5 years?
I = (r x t x p) / 100
I = (6 x 5 x 4000) / 100
I = $1,200