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Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years

Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years
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4 votes
Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years

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User Nrjohnstone
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2 Answers

4 votes
I=prt,,i=4500*0.05*3=675
answered
User Teimpz
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8.9k points
5 votes
The answer is $675. You find 5 percent of 4500 and then multiply by 3.
answered
User Denae
by
8.7k points
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