$1500 at 4% for 5 years Find the interest earned

Tim Reistetter asked Apr 3, 2022

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21 votes

$1500 at 4% for 5 years
Find the interest earned

Tim Reistetter asked Apr 3, 2022

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16 votes

Answer:

I=$300

Explanation:

P=1500

r=4%=0.04

t=5 years

I=p*r*t

I=1500*0.04*5

I=300

Codneto answered Apr 9, 2022

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