if $7,000 were invested in a bond with a simp...
if $7,000 were invested in a bond with a simple interest rate of 4.5%, how much interest would be earned after 4 years? $? hint: i = prt
Answer
# Explanation:
## Step1: Identify the values
$P = 7000$, $R=0.045$ (since $4.5\%= 0.045$), $T = 4$
## Step2: Apply the simple - interest formula
$I=PRT$
$I=7000\times0.045\times4$
$I = 7000\times0.18$
$I = 1260$
# Answer:
$1260$