Ask Question
22 August, 10:07

What is the simple interest for a principal of $650 invested at a rate of 9% for 5 years?

+3
Answers (1)
  1. 22 August, 10:12
    0
    Answer: 292.50 dollars

    Work Shown:

    P = 650 is the the principal.

    r = 0.09 is the interest rate in decimal form.

    t = 5 is the number of years.

    i = P*r*t

    i = 650*0.09*5

    i = 292.50 is the simple interest.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the simple interest for a principal of $650 invested at a rate of 9% for 5 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