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Ira Lisetskai [31]
3 years ago
14

An account earns simple interest.

Mathematics
2 answers:
Alik [6]3 years ago
3 0
The interest earned is what was made, not what was made + the original...idk for sure if this is correct, but, the interest earned is 243.97, and the new balance is 1743.97


densk [106]3 years ago
3 0
Simple interest = P * R * T / 100
I = 1500 * 4 * 5 /100
I = 30000 /100
I = 300

In short, Interest amount would be $300

2) Balance = Previous balance + Interest amount
b = 1500 + 300 = 1800


Hope this helps!
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