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Kristina invests $5,000 at 15% simple interest for 2 years.How much interest did Kristina earn over the 2 years?

Kristina invests $5,000 at 15% simple interest for 2 years.How much interest did Kristina earn over the 2 years?
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2 votes
Kristina invests $5,000 at 15% simple interest for 2 years.How much interest did Kristina earn over the 2 years?

asked
User XAqweRx
by
8.1k points

1 Answer

5 votes
using
SI = PRT/100
=( 5000 × 15 × 2)/100
= 50×15×2= 1500$
answered
User Khattab
by
8.2k points
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