How much simple interest is earned on $2500 at 2% interest for 9 months?
Give your answer in dollars and cents.

Simple Interest
I = p • r • t

Question

How much simple interest is earned on $2500 at 2% interest for 9 months? 
Give your answer in dollars and cents.
 
Simple Interest
I = p • r • t

anonymous · Answer

@EclipsedStar @_alex_urena_ @KyanTheDoodle @pooja195

anonymous · Answer

i would think you would just substitute what you have into the formula. what is P? and r? and t?

anonymous · Answer

i have 0 clue how to plug in the number into the equation

anonymous · Answer

well P is the investment which is 2,500 and r is the interest rate which is .02 because you cant have a percent and the t is time in years but you have months so you divide 9/12    (the 12 is from how many months in years)

anonymous · Answer

ohh...well that was simple lol can you stick around to check my final answer please?

anonymous · Answer

sure Cx

anonymous · Answer

i got 37.5

anonymous · Answer

yeah same

anonymous · Answer

thankks for the help:)

anonymous · Answer

np Cx