kellllykellzzz kellllykellzzz
  • 02-06-2021
  • Mathematics
contestada

Find the simple interest on an investment of $3500 for 2.5 years at
5.5% per annum.
$428.52
$482.52
$418.25
$481.25

Respuesta :

altavistard
altavistard altavistard
  • 02-06-2021

Answer:

$481.25

Step-by-step explanation:

The formula for simple interest is i = p*r*t, in which p is the principal, r is the interest rate as a decimal fraction, and t is the time in years.

Here p = $3500, r = 0.055 and t =2.5 yrs, and so the simple interest is

i = ($3500.00)(0.055)(2.5 yr), or

i = $481.25

Answer Link

Otras preguntas

under regulated ____, the national government sets up regulations and ____ that the states must follow
Fill in the blank with the correct form of the adjective. El libro es ___rojo roja rojos rojas​
summarize the italian renaissance in 3 sentences can someone make me a timeline of the renaissance
I’ve Tried solving this and i just can’t get it , 64 = 4 + 12g
Match the following problems with their answer, HELP ME PLEASE!!!!!
What attaches arterioles to venules
A rental car agency charges $220.00 per week plus 50.15 per mile to rent a car. How many miles can you travel in one week for $361.00? The number of miles you c
How do we know that Tomas Jefferson when he wrote the words “all men are created equal” did not understand the meaning of equal? A. Because of the bills he woul
Solomon was best known as a wise king. a tolerant leader. a wealthy prophet. a frugal man.
What does the capitalized passage say about Charlemagne's character?