Ask Question
19 April, 06:14

If $450 is invested for one year at 12.1 %simple interest, how much interest is earned?

+5
Answers (1)
  1. 19 April, 10:09
    0
    I = p * r * t

    p = 450

    i = interest? That's what you are trying to find.

    r = 12.1/100 = 0.121

    t = 1 year

    i = 450 * 0.121 * 1

    i = 54.45 dollars.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If $450 is invested for one year at 12.1 %simple interest, how much interest is earned? ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers