jeanakayeeldrid403 jeanakayeeldrid403
  • 04-04-2019
  • Business
contestada

What will be the simple interest earned by investing $1,500 for 5 years, at an interest rate of 10% annuallly?

Respuesta :

MrsSeifried MrsSeifried
  • 05-04-2019

$750

The formula to calculate simple interest is Interest = Principal x Rate x Time.

Interest = 1,500 x 5 x .1

Interest = $750

Answer Link

Otras preguntas

Compared to ambivalent or avoidant children, children who are securely attached during infancy:
Describe three economic factors that were involved in the choices made by Brazilians to abandon ethanol powered automobiles. Why have many Brazilians returned t
What number should be placed in the box to help complete the division calculation
Find the solution of this system of equations -5x + y= -7 -6x - y = 7 Show work please!
Can someone help me with this one please ? Thanks!
Factorize completely: kp+3k+mp+3m
I need some help hire can u help me plis
If you have a device that has an energy efficiency of 0.4 and you put in 100 units of energy, how many units of useful energy will you get out of it?
How old was alison brie in season 1 of community?
George calculated the distance between (2, 4) and (6, 3) using the distance formula. His work is shown below. Analyze George’s work. Is he correct? If not, what