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Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years: $67.50 $6.75 $675.00 $6,750.00
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Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years:

$67.50
$6.75
$675.00
$6,750.00

User Andrew Bennet
by
5.2k points

1 Answer

4 votes

Answer:

$675.00

Explanation:

4500 x 0.05 x 3 = 675

User Adriano Bacha
by
5.6k points
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