Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
A. $240
B. $480
C. $720
D. $960
E. $1,200
Alfred wants to invest $4,000 at 6% simple interest rate for 5 years. How much interest will he receive?
A. $240
B. $480
C. $720
D. $960
E. $1,200