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What is the simple interest on $450 at 7% for 2 years?
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What is the simple interest on $450 at 7% for 2 years?

User Shaul Dar
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2 Answers

2 votes
$220.50
That’s the answer
User Pixel Rubble
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5.4k points
4 votes

Answer:

I = $220.50

Explanation:

Simple Interest Formula is I = prt

P= Principal $450

R= Rate 0.07

T= Time 7 years

I = (450)(0.07)(7)

I= $220.50

User DeadKennedy
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6.5k points
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