3 years ago

Calculate the simple interest earned on an investment of $1560 at 3% per year for 5 years. Give the answer to the nearest cent.

1 answer:

6 0

9514 1404 393

Answer:

$234.00

Step-by-step explanation:

Simple interest is computed using the formula ...

I = Prt

when principal P is invested at annual rate r for t years.

i = $1560×0.03×5 = $234.00

The interest earned is $234.00.

You might be interested in

geniusboy [140]

Answer:

Step-by-step explanation:

4 0

3 years ago

ankoles [38]

Answer: 0.0228

Step-by-step explanation:

please check photo explanation

6 0

3 years ago

salantis [7]

5/3+2/5=25/15+6/15=31/15=2 1/15

2 1/15 or 31/15

5 0

3 years ago

-BARSIC- [3]

Answer:f in the chat

Step-by-step explanation:

4 0

3 years ago

myrzilka [38]

Answer:

Step-by-step explanation:

7 0

3 years ago