Question

Simple interest

An investor places $15000 in a savings account that pays 4.5 % interest. she will leave the money there for 6 year. what will her interest be ?
plz give me answer with solution ​

Answer 1

Answer:

Simple Interest = $ 4050

Amount = $ 19050

Given:

Principal (P) = $ 15000

Rate (r) = 4.5%

Time (t) = 6 years

To Calculate:

Simple Interest for 6 years.

Explanation:

Simple Interest Formula:

$SI = \dfrac{P \times r \times t}{100}$

Here,

P = $ 15000

r = 4.5%

t = 6 years

Substituting these values in Simple Interest Formula, we get:

$SI = \ \:\dfrac{15000\times4.5\times6}{100}\\SI = \ \:\dfrac{150\times45\times6}{10}\:\:\:\:\:\:\:\\SI = \ \:270\times15\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\\SI = \ 4050\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:\:$

Therefore, the answer is $ 4050.

Simple Interest = $ 4050

Amount = Principal + Simple Interest

Amount = $ ( 15000 + 4050 )

Amount = $ 19050

Answer 2

Answer:

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