Question

$12,000 is invested for 4 years at a

Answer 1

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 2

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,

$SI=12000\times 0.015\times 4$

$SI=720$

The investment is $720.