teddyxbear
contestada

Manuel deposited $15,000 in an account that earns 4.25% simple interest.

- He did not make additional deposits; he did not make withdrawals.

-How much interest will Manuel have earned on his investment at the end of 3 years.

Respuesta :

he would have earned 6,375 or 19,125 or 4,125
jay40891

Answer:

$1912.50

Step-by-step explanation:

[tex]interest = \frac{prt}{100} \\ = \frac{(15000)(4.25)(3)}{100} \\ = 1912.50[/tex]

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