SOLUTION: Calculate the amount of simple interest earned:Principal: $2500Annual Rate: 2%TIme: 4.5 years

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Question 1133237: Calculate the amount of simple interest earned:Principal: $2500Annual Rate: 2%TIme: 4.5 years
Found 2 solutions by addingup, MathTherapy:
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
Amount of Interest: P*r*t = 2500*0.02*1 = Use your calculator.

Answer by MathTherapy(10552) About Me  (Show Source):
You can put this solution on YOUR website!

Calculate the amount of simple interest earned:Principal: $2500Annual Rate: 2%TIme: 4.5 years
Simple interest formula: PRT, so MULTIPLY them.

Hint: It's NOT 2,500 * 1 * .02