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How much interest is earned if $2500 is invested for 25 years at 8% simple

interest?
*
0500
50000
250
O 5000

User Taztingo
by
4.3k points

1 Answer

1 vote

Answer: $5,000

Step-by-step explanation: First begin with the interest formula.

Interest = Principal × Rate × Time

In this problem, we're solving for the interest.

The principal is the amount invested or $2,500.

The rate is 8% which we can write as .08.

The time is 25 years.

So we have I = (2,500)(.08)(25).

Now we multiply.

(2,500)(.08) is equal to 200.

Now, multiply 200(25) to get 5,000.

This means that the interest earned is $5,000.

User Kslstn
by
4.7k points