unknown2282 unknown2282
  • 03-05-2018
  • Mathematics
contestada

Simple interest is calculated on the principal in an account using the formula I=prt. How much simple interest does $3,500.00 earn in 6 months at an annual interest rate of 2.5%?

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altavistard
altavistard altavistard
  • 08-05-2018
Here, i = $3500*0.025*(1/2) = $43.75 in simple interest.
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