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2. Khalid invests $6750 at 8.5% per annum. How much interest has he earned and what is the total amount in his account after 4 years?

2. Khalid invests $6750 at 8.5% per annum. How much interest has he earned and what is the total amount in his account after 4 years?
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2. Khalid invests $6750 at 8.5% per annum. How much interest

has he earned and what is the total amount in his account after 4 years?

User Pedroteixeira
by
7.7k points

1 Answer

0 votes
Answer:$2295, $9045
Explanation:
principle:$6750
Rate:8.5%
Time:4 years
Simple interest=
PRT/100
Therefore S.I =
6750*85*4/1000=$2295
Amount=S.I+ Principle
Therefore amount=$2295+$6750=$9045
Answers:S.I:$2295,amount:$9045.
User Jqgsninimo
by
8.9k points
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