Julie Borrowed 3,500 for 3 years at 7 1/2 percent simple interest rate. How much interest rate how much interest is that?
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Answer:
787.50
(remember to put the 0 because money has hundreth place)
Step-by-step explanation:
A = P(1 + rt)
= 3,500 (1 +
Interest = Initial Value x Interest Rate x Time
= 3,500 x 0.075 x 3
= 787.50
Hope this helps >-< Please mark as brainliest, thanks! <3
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