## Suppose $1,250 is placed in a savings account over 2 years. Find the interest earned if the rate is 4.5% Question Suppose$ 1,250 is placed in a savings account over 2 years. Find the interest earned if the rate is 4.5%

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4 weeks 2021-08-18T03:32:38+00:00 1 Answers 0 views 0

1. Answer: $112.50 Step-by-step explanation: The Simple interest will be calculated using: = Principal × Rate × Time = 1250 × 4.5% × 2 = 1250 × 0.045 × 2 =$112.50