3. How much simple interest is earned on $6,000 at an interest rate of 4.25% in 4.5 years?

Mathematics

2 answers:

Mademuasel [1]3 years ago

8 0

Answer:

It is 6%, as 360 is earned each year.

Step-by-step explanation:

Aleksandr-060686 [28]3 years ago

3 0

Answer:

6000×4.25/100

=255 (interest per annum)

255×4.5

= $1147.5 (interest earned in 4.5 years)

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