Register
What is the simple interest earned on an investment of $12,625 in mutual funds for 12 1/2 years at a rate of 4%?​
134k views
0 votes
What is the simple interest earned on an investment of $12,625 in mutual funds for 12 1/2 years at a rate of 4%?​

User Sam Rockett
by
4.6k points

1 Answer

4 votes

Answer:

$18937.5

Explanation:

4% = $505

505 x 12 1/2 = 6312.5

12625+6312.5 = 18937.5

User Pankaj Lahoti
by
4.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.1m questions

6.7m answers

Other Questions

Pizza planet is running a special 3 pizzas for 16.50. What is the unit rate for one pizza
What number is halfway between 0 and 18
If the 9-inch wheel of cheese costs $18.60, what is the cost per square inch? If the cost is less than a dollar, put a zero to the left of the decimal point?
I need to simplify this expression.
Need answer to math problem!!!​
Link Copied!