charlene invested $4000 at 5% simple interest for 6 years. part: 0 / 2 part 1 of 2 (a) how much interest…

charlene invested $4000 at 5% simple interest for 6 years. part: 0 / 2 part 1 of 2 (a) how much interest will she earn in 6 years? charlene will earn $ in interest.

charlene invested $4000 at 5% simple interest for 6 years. part: 0 / 2 part 1 of 2 (a) how much interest will she earn in 6 years? charlene will earn $ in interest.

Answer

Explanation:

Step1: Identify the simple - interest formula

The formula for simple interest is $I = Prt$, where $P$ is the principal amount, $r$ is the annual interest rate (in decimal form), and $t$ is the time in years.

Step2: Convert the percentage to decimal

The annual interest rate $r = 5%=0.05$, the principal amount $P = 4000$, and the time $t = 6$ years.

Step3: Substitute values into the formula

$I=Prt=4000\times0.05\times6$.

Step4: Calculate the interest

$4000\times0.05\times6 = 1200$.

Answer:

1200