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Q: If I deposit $500,000.00 at 14.5% simple interest for 10 years what is the interest earned?
A: If I deposit $500,000.00 at 14.5% simple interest for 10 years the interest earned is $725,000. I=P*r*t = 500,000*.145*10 = $725,000
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Asked 7/7/2012 2:20:33 AM
Updated 1/22/2014 12:58:49 PM
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If I deposit $500,000.00 at 14.5% simple interest for 10 years the interest earned is $725,000.
I=P*r*t = 500,000*.145*10 = $725,000
Added 1/22/2014 12:58:49 PM
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