320,635 views
37 votes
37 votes
Determine the amount of interest

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

User Jamie Brunton
by
2.9k points

1 Answer

10 votes
10 votes

Answer:

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

User Robbrit
by
2.5k points
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