Answer:
$1200
Step-by-step explanation:
You start with your equation of 5x +.06 =4000 . 6% of 4000 is 240. times 240 by 5 and you get your answer of 1200 dollars.
Step-by-step explanation:
principal=$4000
rate=6%
time=5years.
I=PRT/100
I=4000x6x5/100
I=4x6x5
I=$120
amount=p+I
=4000+120
=$4120.
