Question

Determine the amount of interest

earned on a $15,000 investment
after 412 years with a 2.5%
interest rate.

Answer 1

154500

Explanation:

The formula states that

S. I= P*R*T/100

S.I= 15000*2.5*412/100

S.I= 15000*25/10*412/100

S.I= 15000*25*412/100*10

S.I= 154500000/1000

S.I= 154500