SOLUTION: what the interest of $4,500.00 if the annual percentage rate were 6.5%

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Question 392721: what the interest of $4,500.00 if the annual percentage rate were 6.5%
Found 2 solutions by Alan3354, ewatrrr:
Answer by Alan3354(69443) About Me  (Show Source):
You can put this solution on YOUR website!
If it's for one year, it's 6.5% of 4500.
4500*0.065 = $292.50

Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

Interest earned in one year investing $4500 at 6.5%

I = .065*$4500 = $292.50