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

In the book Lord of the Flies why does jack split his choir into two groups
Why what we know about cells is called a theory and not a law
A sample of concrete contains cement, gravel, crushed rocks, sand, and water. Each of these contains different metals and minerals and hence has different color
What is 6.24 divided 2.4 with work.
where is Constantinople located in modern day? what part of Turkey?
What is the Bushido Code and how did it impact the samurai?
An atom of oxygen has atomic of 8 and a mass number of 18. How many of each type of subatomic particle doe it contain?
what is a societal law
Janet has $120. If she saves $20 per week, in how many days will she have $500
what is 5 7/10 - 5/18