determine the simple interest earned on 22500 after 15 years if the apr is 12

Name: determine the simple interest earned on 22500 after 15 years if the apr is 12
Uploaded: 2023-10-09T02:34:05-08:00
Duration: 42 s
Channel: Breanna Ollech
Description: determine the simple interest earned on 22500 after 15 years if the apr is 12

Question

Nicole Smina · Accepted Answer

First, we need to convert the APR from a percentage to a decimal. So, 12% becomes 0.12.

Question

Determine the simple interest earned on $22,500 after 15 years if the APR is 12% .

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