Ask a New Question

Joe invests $1500 for 1 year at 7.5%. How much interest will he earn?

1 answer

$1,125.

Interest = P*T*R/100
= 1500 * 1 * 7.5/100
= 112500/100
= 1125

Ask a New Question or answer this question.

Similar Questions

Fred invests $15000 in a bank that pays 8% interest per year.How much interest will he earn from the back at the end of 1 year?
1. 0 answers
Jayda deposited $1500 into savings account that pays 3% simple interest per year. How much interest does she earn per year on
1. 2 answers
Leroy invests $7,500 at 15% simple interest per year. How much interest will he earn in 10 months?
1. 2 answers
Tamara invests $30,000 in an account earning 7% interest per year over the next 4 years.How much (simple) interest will her
1. 2 answers

more similar questions