loveforever7980 loveforever7980
  • 09-03-2017
  • History
contestada

What will be the simple interest earned by investing $1,500 for 5 years, at an interest rate of 10% annually?
$750
$700
$725
$570
$527

Respuesta :

Aliwohaish12
Aliwohaish12 Aliwohaish12
  • 09-03-2017
I=prt
I=1,500×0.1×5
I=750
Answer Link
david8644
david8644 david8644
  • 30-04-2019

Answer:

$750

Explanation:

THe interest rate of one year would be $1500 times .1 that equals 150, if you multiply that by the number of years that the money is invested in the account that would make $150 x 5 years that equals 750. This is suppousing that you do not add the interests to the account avery year and they create more interests.

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