Ask Question
17 April, 13:50

On a deposit of $50 at a simple interest rate of 9%, how much interest will you earn after 12 years?

+1
Answers (1)
  1. 17 April, 14:01
    0
    Answer: $54.00

    Step-by-step explanation:

    I = Prt

    I is interest earned: unknown

    P is the principal (amount you invested) : 50

    r is the rate: 9% = 0.09

    t is the length of time: 12

    I = 50 (0.09) (12)

    = 50 (1.08)

    = 54.00
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “On a deposit of $50 at a simple interest rate of 9%, how much interest will you earn after 12 years? ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers