Question

How much simple interest is earned on $6,000 at an interest rate of 4.52% in 4 1/2 years?

Answer 1

1220.4

Explanation:

S.I.=P×R×T÷100

=6000×4.52×4 1/2÷100

=6000×4.52×9÷2×100

=60×4.52×9÷2

=30×4.52×9

=1220.4