Question

How much much interest is on earned on an account if... Principal= $1,250 Rate= 5.7% Time= 4 year

Answer 1

The interest earned after 4 years is 285 dollars

Answer 2

Alright, lets gets started.

I suppose , we are asked to find simple interest for above question.

Principal P = $1,250

Rate r = 5.7 %

Time t = 4 years

The formula for simple interest =
`(P*r*t)/(100)`

Hence simple interest
`= (1250*5.7*4)/(100)`

Simple interest
`= (28500)/(100)`

Simple interest = 285 $

Hence interest earned is $ 285. : Answer

Hope it will help :)