ty68gzvyz2 ty68gzvyz2
  • 07-07-2022
  • Mathematics
contestada

How much simple interest is earned on an investment of 1,250 if the money is invested for 5 years at an annual interest rate of 4.5%

Respuesta :

jimthompson5910 jimthompson5910
  • 07-07-2022

Answer:  $281.25

Work Shown:

i = P*r*t

i = 1250*0.045*5

i = 281.25

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