Question

find the profit on 6000 for one year at 4% per annum

Answer 1

Answer:

240 dollars.

Step-by-step explanation:

I'd be assuming you mean the returns on interest rate after you put $6000 into the system, kind of like how you get returns after you deposit money at the bank. In that case:

$6000 \cdot (1 + 4%) - 6000$

$= 6240 - 6000$

$= 240$ dollars

Of course, you didn't say how frequently the interest rate would be compounded, so this result would be if the interest was compounded yearly.

Hope this helped!

Answer 2

Answer:

$240

Step-by-step explanation:

4% of $6000 = $240