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How much interest is earned on a principle of $1,500 at 6.3% for 5 years? $47.25 $1890 $472.50

How much interest is earned on a principle of $1,500 at 6.3% for 5 years? $47.25 $1890 $472.50
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3 votes
How much interest is earned on a principle of $1,500 at 6.3% for 5 years?

$47.25

$1890

$472.50

User Aniruddh
by
8.1k points

1 Answer

3 votes

Answer:

472.5$

Explanation:

1500$*.063=94.5$

94.5#*5years=472.5$

User Lonare
by
8.6k points
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