What is the simple interest accrued from a $500 investment at 7% interest for 5 years?

Discussion in 'Calculator Requests' started by math_celebrity, May 11, 2017.

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  1. math_celebrity

    math_celebrity Administrator Staff Member

    What is the simple interest accrued from a $500 investment at 7% interest for 5 years?

    Using our simple interest balance calculator, we get $175 in simple interest earned.
     
    math_celebrity, May 11, 2017
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