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How much simple interest is earned on an investment of $1,250 if the money is invested for 5 years at an annual interest rate of 4.5%

How much simple interest is earned on an investment of $1,250 if the money is invested for 5 years at an annual interest rate of 4.5%
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How much simple interest is earned on an investment of $1,250 if the money is invested for 5 years at an annual interest rate of 4.5%

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User Anatoliy R
by
8.3k points

2 Answers

3 votes

Answer:

28, 125

Explanation:

Its so easy

1,250 x 4.5 = 5,625

5,625 x 5 = 28,125

answered
User Climatebrad
by
8.0k points
4 votes
Simple interest I= prt. 1,250 x 4.5 x 5 equals $28,125
answered
User Morgi
by
7.5k points
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