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Popolare Word Problems >

Mike invested 7,500 for 4 years at a simple interest rate of 5%. How much interest did he earn?

Soluzione

M ik e in v es t e d 7, 500 f or 4 ye a rs a t a s im pl e in t eres t r a t e o f 5%. Ho w m u c h in t eres t d i d h e e a r n ?

Soluzione

Interest : 1500

Fasi della soluzione

Translate the problem into an equation:

I = 7500 \cdot 0.05 \cdot 4

Semplificare

I = 7500 \cdot 0.05 \cdot 4

Interest : 1500

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