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How much simple interest is earned on $2500 in 6 years at an annual interest rate of 2.25

How much simple interest is earned on $2500 in 6 years at an annual interest rate of 2.25
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How much simple interest is earned on $2500 in 6 years at an annual interest rate of 2.25

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User PassKit
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1 Answer

4 votes

$2,500x2.25%=$56.25

$56.25x6years= $337.50

$2,500+$337.50=$2,837.50

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User Ersen
by
9.1k points
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