SOLUTION: find the simple interest earned on $5500 when invested for 4years at 15% per annum

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: find the simple interest earned on $5500 when invested for 4years at 15% per annum       Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


   



Question 873028: find the simple interest earned on $5500 when invested for 4years at 15% per annum

Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=5500*0.15*4
I=$3,300.00