Respuesta :
The formula for simple interest is
I = prt
I = (6500)(.04)(7)
So, after multiplying these number we get the answer of
I = $1820
I = prt
I = (6500)(.04)(7)
So, after multiplying these number we get the answer of
I = $1820
Answer:
Interest would be $1,820
Step-by-step explanation:
Valentina invested in a savings account = $6,500
Yearly interest rate = 4% or 0.04
Time = 7 years
To solve simple interest we use formula :
I = prt
I = Interest
P = Principal amount
r = rate of interest
t = time
I = (6500)(0.04)(7) = $1,820
Valentina earned $1,820 simple interest.