201k views
2 votes
How much simple interest is earned on $2500 in 6 years at an annual interest rate of 2.25

User PassKit
by
6.8k points

1 Answer

4 votes

$2,500x2.25%=$56.25

$56.25x6years= $337.50

$2,500+$337.50=$2,837.50

User Ersen
by
8.8k points