Register

How much simple interest is earned on $4,000 at an interest rate of 2.25% in 4.5 years? Rounded to the nearest cent

How much simple interest is earned on $4,000 at an interest rate of 2.25% in 4.5 years? Rounded to the nearest cent
37.1k views
4 votes
How much simple interest is earned on $4,000 at an interest rate of 2.25% in 4.5 years? Rounded to the nearest cent

User Daff
by
8.2k points

1 Answer

5 votes

Answer:

I = Prt

Explanation:

I = 4000(.0225)(4.5)

I = $405

User Julio Marchi
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!