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Popular Word Problems >

Calculate the amount of interest earned on a 14,500 investment made for 3 years at 5.5%

Solution

C a l c u l a t e t h e am o u n t o f in t eres t e a r n e d o n a 14, 500 in v es t m e n t ma d e f or 3 ye a rs a t 5.5%

Solution

Interest : 2392.5

Solution steps

Translate the problem into an equation:

I = 14500 \cdot 0.055 \cdot 3

Simplify

I = 14500 \cdot 0.055 \cdot 3

Interest : 2392.5

Popular Examples

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