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  • 25-02-2021
  • Mathematics
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madethisfortwitch1
madethisfortwitch1 madethisfortwitch1
  • 25-02-2021

Answer:

$2400

$12,400

Step-by-step explanation:

Simple interest equation:

PV(1+it)

we have

10000(1+.06*4)

10000(1.24)

12400

Subtract the PV to get the interest earned

12400-10000= 2400

We just found that the total would be 12,400 and so part B is already solved

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