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What is the simple interest earned on a $4,350 investment for 5 years at a rate of 2%?

What is the simple interest earned on a $4,350 investment for 5 years at a rate of 2%?
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4 votes
What is the simple interest earned on a $4,350 investment for 5 years at a rate of 2%?

asked
User Walter Verhoeven
by
8.0k points

1 Answer

4 votes

Answer:

$435

Explanation:

I = Prt = ($4,350)(0.02)(5) = $435

answered
User Sandrea
by
8.1k points
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