Answer:
Edward earned $1300 interest in 4 years.
Step-by-step explanation:
Principal Amount = Initial Investment = $6500
Time t = 4 years
Interest rate r = 5% = 0.05 (it is taken in decimal i.e 5/100 = 0.05)
We need to find interest.
The formula used is: [tex]Interest= Principal\times r \times t[/tex]
Putting values and finding Interest
[tex]Interest= Principal\times r \times t\\Interest=6500\times 0.05 \times 4\\Interest= 1300[/tex]
So, the interest = $1300 in 4 years.
Edward earned $1300 interest in 4 years.
