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Lesechka [4]
3 years ago
10

What is the simple interest on $2500 invested at an interest rate of 6% for 2 years?

Mathematics
2 answers:
Brrunno [24]3 years ago
4 0

Answer:

The simple interest is $300.

Step-by-step explanation:

<em>Find the Interest amount.</em>

I: Interest ?

P: Principle Amount $2500

R: Rate 6% = .06

T: Time Period (in years) 2 Years

<em>Convert into equation to find Simple Interest</em>

I = Prt

I = (2500)(.06)(2)

<em>Calculate</em>

I = 300

<em />

zimovet [89]3 years ago
3 0
2500 x 0.06 x 2
= 300
The simplest interest is $300
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