SOLUTION: The simple interest on $1500 for two years at 7.5% is what? My answer is $225.oo. Thanks for checking my answer..

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Question 45861This question is from textbook Finite math
: The simple interest on $1500 for two years at 7.5% is what? My answer is $225.oo. Thanks for checking my answer.. This question is from textbook Finite math

Answer by tutorcecilia(2152) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt
I=(1500)(0.075)(2)
I=225 [I agree]