Find the simple interest of $2300 invested at 7.5%for 10years

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asked Aug 27, 2021 191k views

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Find the simple interest of $2300 invested at 7.5%for 10years

Mathematics
middle-school

Forer asked

by Forer

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Use the formula I = Prt. Plug $2300 into P.

Plug 7.5% (decimal form is 0.075) into r.

Plug 10 into t.

Your simple interest after 10 years is $1725

Nicolas Del Valle answered Sep 3, 2021

by Nicolas Del Valle

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