Question

Compute the amount of interest earned in the following simple interest problem. A deposit of $4,500 at 5% for 3 years:

$67.50
$6.75
$675.00
$6,750.00

Answer 1

Answer:

5%/100% divided by 4500 Step-by-step explanation:

Answer 2

SI=4500×5%×3

SI=45×5×3

SI=675

Answer is $675.00