Math, asked by caitlynnbrazil, 1 year ago

How much simple interest will be on a loan of $9000 a 4.25% annual interest rate for one year?

A: $42.50
B: $382.50
C: $3825
D: $9382.50


caitlynnbrazil: Thank you
caitlynnbrazil: Is is for sure right
Hakar: Yes

Answers

Answered by rishabh1750
0
simple interest =(rate ×no of years× principle)/100
Therefore
(1×4.25×9000)/100
382.5
answer is b
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