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Compute the amount of interest eamed in the following simple interest problem A deposit of $4.500 at 5 for 3 years
$65
S8750
5575.00
$5750.00

Respuesta :

Answer:

I am assuming this is $4,500 for 5% interest for 3 years. Which would not make any of these answers correct - although you could have typed them wrong also.

$675 Interest charged based on the above information

Step-by-step explanation:

I = p * r * t

First, change the 5% to a decimal 0.05

I = 4,500 * 0.05 * 3

I = $675 is the amount of interest charged.

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