How much simple interest is earned on 6,000 at an interest rate of 2.25% in 4 1/2

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17-11-2017
Mathematics

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How much simple interest is earned on 6,000 at an interest rate of 2.25% in 4 1/2

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Aliwohaish12 Aliwohaish12 · Answer 1 · 2017-11-17T21:57:45+01:00

Aliwohaish12 Aliwohaish12

17-11-2017

The formula is
I=prt
I interest earned?
P principle 6000
R interest rate 0.0225
T time 4 1/2 means 4 years and half
Which is 4.5 (4+1/2)

I=6,000×0.0225×4.5
I=607.5....answer

Hope it helps!

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