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niah02 niah02
  • 28-01-2017
  • Mathematics
Answered

Find the simple interest earned after 2 years on an investment of $3,000 at 4.5% interest earned annually.

Verified Answer :

Anonymous Anonymous
  • 28-01-2017

We know, Interest = P R T / 100
S.I. = 3000 4.5 2 /100
S.I. = 27000 / 100
S.I. = 270

In short, Your Answer would be $270

Hope this helps!

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