James deposits $12,500 into savings account that earns 4.5% annual simple interest. assuming he doesn't make any additional deposits or withdrawals, how much interest should jmaes expect to earn at the end of the year ?

James is expected to earn $562.5 at the end of the year as Interest.

Step-by-step explanation:

Here, the amount deposited = Principal = $12,500

Rate of Interest = R = 4.5%

Time = T = 1 year

Now, to find the interest at the end of the year:

or, S I  =

or,  S I  = $562.5

Hence, James is expected to earn $562.5 at the end of the year as Interest.

-1/2 +2

step-by-step explanation:

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