Find the interest on a simple interest investment of $34,450 at 5.25% for 10 years.

asked Jun 28, 2022 4.2k views

5 votes

by Kalec

3.5k points

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8 votes

Answer:

$ 18086.25

Explanation:

I=?

p=$34,450

r=5.25*1/100=5.25/100

t=10yrs

I=P*R*T

=34,450*5.25/100*10

=$18086.25

Rob Hruska answered Jul 4, 2022

3.8k points

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