jeanakayeeldrid403 jeanakayeeldrid403
  • 04-04-2019
  • Business
contestada

What will be the simple interest earned by investing $1,500 for 5 years, at an interest rate of 10% annuallly?

Respuesta :

MrsSeifried MrsSeifried
  • 05-04-2019

$750

The formula to calculate simple interest is Interest = Principal x Rate x Time.

Interest = 1,500 x 5 x .1

Interest = $750

Answer Link

Otras preguntas

Your classmate will be doing a presentation on evolutionary medicine in science class. What is he likely to discuss?
Once you acquire these two basic skills, you'll be able to transform a vague idea in your mind into a coherent piece of writing. What are these two basic skill
The state tax on clothing is 5.50 percent. what is the cost of 25$ shirt, including tax?
Bud not buddy what chapter is rule 63 on
exercice 7.............s'il vous plaît.........
20 concepts of journalism
______ serves as an incentive for entrepreneurs
What was the significance of the Battle of Milvian Bridge? A. Emperor Constantine won control of the empire after painting a Christian symbol on his soldiers' s
Which best describes the underlined word in the sentence? In northern latitudes, there are visible *lights* in the sky called aurora borealis. A. compound sub
This system relates to the process by which an organism gets rid of its waste.