Problema Solution
David had $4000 invested for one-fourth of a year at a simple interest rate of 6.1%. How much interest did he earn?
Answer provided by our tutors
david invested 4000$ for 1/4 th yr at a simple intrest of 6.1 %
so we know that SI = PRT/100 = 4000 * 6.1*1/4*100 = 61 $ ........answer.....