Sapphariee
New member
Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
A)$1,200
Not sure how to solve this equation if someone could help me step for step. I am not sure on interest are the the same as percentage?
A)$1,200
Not sure how to solve this equation if someone could help me step for step. I am not sure on interest are the the same as percentage?