Find the amount of interest earned on R 5 000 invested for 5 years at 9 % per annum simple interest.
5 000.09
R 200 000
R 5 000
R 2 250
R 11 111
R 2 250
Interest = Principal x Rate x Time
Interest = 5000 x 0.09 x 5
Interest = 2250
Therefore, the amount of interest earned is R 2 250.