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 365477: 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! principal = 1500
rate = 8.25% = 0.0825
time = 3 years
I= p*r*t
I = 1500*0.0825*3
Interest = $371.25
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m.ananth@hotmail.ca
