How much simple interest is earned on an investment of $1,250 if the money is invested for 5 years at an annual interest rate of 4.5%

asked Jan 1, 2017 52.4k views

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3 votes

Answer:

28, 125

Explanation:

Its so easy

1,250 x 4.5 = 5,625

5,625 x 5 = 28,125

Climatebrad answered Jan 3, 2017

6.9k points

4 votes

Simple interest I= prt. 1,250 x 4.5 x 5 equals $28,125

Morgi answered Jan 7, 2017

by Morgi

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