Verified Answer :

melhunt99

I=prt. Sub in what you know: I=12,000(.015)(4). Multiply: I=12,000(.06). Multiply again: I=720. The investment earned $720 :)

Answer:

The investment is $720.

Step-by-step explanation:

Given : $12,000 is invested for 4 years at a  simple interest rate of 1.5%.

To find : How much  does the investment earn?

Solution :

Applying simple interest formula,

\(SI=P\times R\times T\)

Where, P is the principal P=$12000

R is the interest rate R=1.5%=0.015

T is the time T=4 years

Substitute the value in the formula,

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The investment is $720.

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