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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
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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
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