An investment of $1500 is earning 7% simple interest each year. How much will the investment be worth after one year?

The value of investment after one year will be $1,605.

Given that,

Principal[P] = $1,500.

Rate[R] = 7%.

Time[T] = 1 year.

Formula of simple interest[S.I] :

Investment after one year will be :

Hence, the worth of investment after one year will be $ 1,605.

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$1,605

Step-by-step explanation:

As, 7% of $1,500 is = $105

So, the investment is = Principcal + Interest.

= $1,500 + $105 = $1,605

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step-by-step explanation: