en

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Popular >

Jack invested 5,000 for 4 years at a simple interest rate of 7%. How much interest did he earn?

Solution

Jack invested 5, 000 for 4 years at a simple interest rate of 7%. How much interest did he earn?

Solution

Interest : 1400

Solution steps

Translate the problem into an equation:

I = 5000 \cdot 0.07 \cdot 4

Simplify

I = 5000 \cdot 0.07 \cdot 4

Interest : 1400

Popular Examples

Wanda is 23. Maria is 3 years younger than Jerry and 5 years older than Emily. Jerry is 10 years younger than Wanda. How old is Emily?Debbie has 4,000 in an account. The interest rate is 15% compounded annually.To the nearest cent, how much interest will she earn in 2 years?circle has a circumference of 113.04 units. What is the diameter of the circle? Use 3.14 for pi and enter your answer as decimal. units The sum of 5 consecutive even numbers is 200.What is the original price of an item that costs 64.80 after a 35% increase?