SOLUTION: How much simple interest will a man earn at 9% in one year and 6 months with an initial investment of ₱ 8, 450?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: How much simple interest will a man earn at 9% in one year and 6 months with an initial investment of ₱ 8, 450?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 1172213: How much simple interest will a man earn at 9% in one year and 6 months with an
initial investment of ₱ 8, 450?

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
I=prt=8450*0.09*1.5=1140.75 in interest
This is the solution. 9% is 0.09 and 1 year 6 months is 1.5 years. The two and the principal are all multiplied together.