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How much interest is earned in 4 years on $5,000 at a simple interest rate of 3%?

How much interest is earned in 4 years on $5,000 at a simple interest rate of 3%?
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24 votes
How much interest is earned in 4 years on $5,000 at a simple interest rate of 3%?

User Shwetal
by
8.1k points

1 Answer

7 votes

Answer:

the answer is 600

Explanation:

$5,000×3%×4years÷100%=$600

User Insomnious
by
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