Question

What is the simple Intrest to 1,250 at 4.5% for 2 years

Answer 1

1,362.50 Dollars

Explanation:

First, converting R percent to r a decimal

r = R/100 = 4.5%/100 = 0.045 per year.

Solving our equation:

A = 1250(1 + (0.045 × 2)) = 1362.5

A = $1,362.50

Then You Get 1362.50 Dollars