Valentina invested $6500 in a savings account with a yearly interest rate of 4% for 7 years. How much simple interest did she ea

Question

3 years ago

11

rn?

2 answers:

tensa zangetsu [6.8K] · Answer 1 · 2022-04-24T01:34:46+03:00

8 0

The formula for simple interest is
I = prt
I = (6500)(.04)(7)
So, after multiplying these number we get the answer of
I = $1820

soldi70 [24.7K] · Answer 2 · 2022-04-24T04:02:04+03:00

Answer:

Interest would be $1,820

Step-by-step explanation:

Valentina invested in a savings account = $6,500

Yearly interest rate = 4% or 0.04

Time = 7 years

To solve simple interest we use formula :

I = prt

I = Interest

P = Principal amount

r = rate of interest

t = time

I = (6500)(0.04)(7) = $1,820

Valentina earned $1,820 simple interest.