SOLUTION: you invest $1500 for three years. find the amount of simple interest you earn at an annual rate of 8.25%.

SOLUTION: you invest $1500 for three years. find the amount of simple interest you earn at an annual rate of 8.25%.

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Question 285087: you invest $1500 for three years. find the amount of simple interest you earn at an annual rate of 8.25%.
Answer by mananth(16946) (Show Source): You can put this solution on YOUR website!
Interest = P * N * r /100
where p=1500
n=3 years
r=8.25%
1500*3*8.25 /100
= $375 is the interest
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