Respuesta :

shonejump10
To find out how much interest it is, you have to to 
Interest =Principal x Rate of interest  x Time
So 
4,000 x 0.07 x 6=1,680
Joe pays 1680 in interest.
Formula- I-? P-4,000 R- 7%= 0.07 t- 6 years

4,000(0.04)(6)
0.04*6=0.24
0.24*4,000=$960
The answer is $960.

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