1. Bob deposited $12,250 into his bank account. He will earn simple interest at a rate of 8.5% for the next 15 years. How much interes

Question

1. Bob deposited $12,250 into his bank account. He will earn simple
interest at a rate of 8.5% for the next 15 years. How much interest will Bob
make over the next 15 years? *
$14,245.50
O $156,187.50
$15,618.75
$15,718.50
PLEASE HELP NEED I DONT UNDERSTAND

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Trúc Chi 3 months 2021-08-22T12:02:30+00:00 1 Answers 2 views 0

Answers ( )

    0
    2021-08-22T12:04:17+00:00

    Answer:

    $15,618.75

    Step-by-step explanation:

    I = PRT

    I = 12,250×8.5/100×15

    I = 15,618.75

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