Mathematics, 25.03.2021 17:00 jackiecroce1

What is the simple interest earned on an investment of $12,625 in mutual funds for 12 1/2 years at a rate of 4%?

Answers

Answer from: murokh

$18937.5

Step-by-step explanation:

4% = $505

505 x 12 1/2 = 6312.5

12625+6312.5 = 18937.5

Answer from: Quest

There is no image, or it's not working.

Answer from: Quest

i dont know sorry

step-by-step explanation:

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What is the simple interest earned on an investment of $12,625 in mutual funds for 12 1/2 years at a...