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How much simple interest would $1 ,400 earn in 12 months at an interest rate of 3.25%?

How much simple interest would $1 ,400 earn in 12 months at an interest rate of 3.25%?
asked 149k views
1 vote
How much simple interest would $1 ,400 earn in 12 months at an interest rate of 3.25%?

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User Isolina
by
7.5k points

2 Answers

6 votes

Answer:

$45.50

Explanation:

answered
User Shahnaz
by
7.3k points
0 votes

Answer:

$45.50

Explanation:

Interest = Principal x rate x time (in years)

I = 1400 x .0325 x 1

answered
User Scamparelli
by
8.5k points
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