SOLUTION: if $25,000 is invested at 3% simple interest for 2 years, how much interest is earned?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: if $25,000 is invested at 3% simple interest for 2 years, how much interest is earned?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 387367: if $25,000 is invested at 3% simple interest for 2 years, how much interest is earned?
Answer by scott8148(6628) About Me  (Show Source):
You can put this solution on YOUR website!
25000 * .03 * 2