SOLUTION: Samantha invests $15,000 at 7% simple interest for 43 years. Round your answers to the nearest cent. How much interest is earned over the 43 year period

SOLUTION: Samantha invests $15,000 at 7% simple interest for 43 years. Round your answers to the nearest cent. How much interest is earned over the 43 year period

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Question 1177502: Samantha invests $15,000 at 7% simple interest for 43 years.
Round your answers to the nearest cent.
How much interest is earned over the 43 year period
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Samantha invests $15,000 at 7% simple interest for 43 years.
P = 15000
r= 7% =0.07
n= number of years
Simple Interest = P * N * r
15000*43*0.07
= $45,150

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