SOLUTION: if a person invested $500 at 2% simple interest for 4 years, how much interest is earned
Algebra.Com
Question 941970: if a person invested $500 at 2% simple interest for 4 years, how much interest is earned
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
I=Prt
I=500*0.02*4
I=$40
RELATED QUESTIONS
if a person 500 at 2% simple interest for 4 years how much interest is... (answered by checkley79)
if $25,000 is invested at 3% simple interest for 2 years, how much interest is... (answered by scott8148)
If $500 is invested at a rate of 4% for 3 years, find the simple interest earned and the... (answered by math_helper)
How much simple interest will be earned by an account if $500 is invested at 4% annual... (answered by malakumar_kos@yahoo.com)
How much simple interest will be earned by an account if $500 is invested at 4% annual... (answered by stanbon,anjali_yamini)
If 5000 is invested at 8% simple interest for 3 months, how much interest is earned (answered by josmiceli)
if 10,000 is invested for one year at 2.5% simple interest, how much interest is... (answered by rfer)
If $380 is invested for one year at 12% simple interest how much interest is earned (answered by jorel555)
If $2000 is invested at 5% per year, how much simple interest is earned in 4 years? (answered by checkley77)