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Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.
Question
Find the simple interest paid on a deposit of $225 at a rate of 1.5% over 2 years.
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Mathematics
1 year
2021-08-31T01:10:54+00:00
2021-08-31T01:10:54+00:00 1 Answers
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Answer:
$6.75
Step-by-step explanation:
Interest = [tex]\frac{1.5}{100}[/tex] × 2 × $225
= $6.75