webearbears2 webearbears2

14-02-2022
Mathematics

contestada

Determine the amount of interest
earned on a $15,000 investment
after 412 years with a 2.5%
interest rate.

Respuesta :

johnpaulike6 johnpaulike6

14-02-2022

Answer:

154500

Step-by-step explanation:

The formula states that

S. I= P*R*T/100

S.I= 15000*2.5*412/100

S.I= 15000*25/10*412/100

S.I= 15000*25*412/100*10

S.I= 154500000/1000

S.I= 154500

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