Mathematics, 17.12.2020 21:50, babas97

In this situation, simple interest is calculated yearly. Principal: $5500

Time: 8 years

Interest rate: 2.5%
How much interest was earned?

A: 137.50
B: 1,100
C: 5,500
D: 6,600
E: 44,000

Answers: 1

Show answers

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In this situation, simple interest is calculated yearly. Principal: $5500

Time: 8 years...

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In this situation, simple interest is calculated yearly. Principal: $5500 Time: 8 years Interest rate: 2.5% How much interest was earned? A: 137.50 B: 1,100 C: 5,500 D: 6,600 E: 44,000

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In this situation, simple interest is calculated yearly. Principal: $5500

Time: 8 years

Interest rate: 2.5%
How much interest was earned?

A: 137.50
B: 1,100
C: 5,500
D: 6,600
E: 44,000