Mathematics: How much interest will you earn by investing $1200 at a simple interest rate of 2.5% per year for 6 years?

How much interest will you earn by investing $1200

Ответ:

aliyyahlove

12.03.2022

Mathematics

$30

simple interest = (PRT)/100

where P is the principal ( amount being invested) → $1200

R is the rate of interest → 2.5%

T is time in years → 6

interest = (1200 × 2.5 × 6)/100 = $30

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Ответ:

surpremeblizzle

12.03.2022

Mathematics

$\bf ~~~~~~ \textit{Simple Interest Earned Amount}\\\\A=P(1+rt)\qquad\begin{cases}A=\textit{accumulated amount}\\P=\textit{original amount deposited}\dotfill & \$1200\\r=rate\to 2.5\%\to \frac{2.5}{100}\dotfill &0.025\\t=years\dotfill &6\end{cases}\\\\\\A=1200[1+(0.025)(6)]\implies A=1200(1.15)\implies A=1380$

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Ответ:

1234567890lknn

02.07.2020

Mathematics

can you say again please

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How much interest will you earn by investing $1200 at a simple interest rate of 2.5% per year for 6 years?

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