Silver Chrysler 300 SDN suspicious vehicles drove around the area, and then a passenger in the right back seat opened fire on the crowd on the sidewalk. Crowds were seen scattered, and some people rolled around behind parked cars to avoid bullets. Gunners fired at least 24 shots with semi-automatic pistols. Driving shooting in Philadelphia killed 1 person and injured five others.

the answer to this question is false

answer:

tyler's $1,000 investment will be worth $1,240 after 6 years, invested at 4% interest rate.

the problem gives the following relevant data:

principal = $1000

interest rate = 4% simple interest

term or time period = 6 years

since simple interest is given, we need to use the simple interest formula;

i = p x r x t

where: p is the principal, r is the interest rate, and t is the time the money will be invested.

i = $1000 x 4% x 6yrs

i = $1000 x 0.04 x 6

i = 40 x 6

i = 240   ==> interest earned after 6 years is $240.

total investment = principal + interest

t.i. = $1,000 + $240

t.i. = $1,240   ==> the value of tyler's investment after 6 years.

explanation: