How much does a $90 investment earn in interest at a yearly rate of 15% over the course of 1 year? QUICK PLEASE

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Bonblow asked May 21, 2022

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How much does a $90 investment earn in interest at a yearly rate of 15% over the course of 1 year?

QUICK PLEASE

Mathematics
high-school

Bonblow asked May 21, 2022

by Bonblow

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21 votes

Answer:

$13.50

Explanation:

You can use the simple interest formula here: I(interest)=P(principal amount)r(interest rate)t(years). I=Prt. So just plug in the numbers. I=90x.15x1=13.5

Arimbun answered May 26, 2022

by Arimbun

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