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find the simple interest on each amount 1500 at 11% for two years

Sagot :

Answer:

330.00

Step-by-step explanation:

First, converting R percent to r a decimal

r = R/100 = 11%/100 = 0.11 per year,

then, solving our equation

I = 1500 × 0.11 × 2 = 330

I = $ 330.00

The simple interest accumulated

on a principal of $ 1,500.00

at a rate of 11% per year

for 2 years is $ 330.00.

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