SOLUTION: Frank invests $250 at a simple interest rate of 5%. How much will he earn after 4 years?

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Question 1038190: Frank invests $250 at a simple interest rate of 5%. How much will he earn after 4 years?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+I+=+P%2Ar%2At+
+I+=+250%2A.05%2A4+
+I+=+50+
He will earn $50 in interest after 4 yrs