SOLUTION: how much intrest is paid on $1,500.00 invested at 7% per year for 3 years

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Question 1113980: how much intrest is paid on $1,500.00 invested at 7% per year for 3 years
Answer by amalm06(224) About Me  (Show Source):
You can put this solution on YOUR website!
Use the simple interest formula: I=prt

p=1500

r=0.07

t=3

So I=1500%2A0.07%2A3=+%24315 (Answer)