Julie borrowed $3,500 for 3 years at 7½% simple interest rate. How much interest is that?
Answers
Answered by
0
Answer:
262.5 $
Step-by-step explanation:
3,500$÷100
= 35$
=35$×7.5 %
= 262.5 $
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Answered by
3
Answer:
A=P(1+rt)
ɢɪᴠᴇɴ⤵
P=3,500
T=3yrs
R=7.5%/100 =0.075
sᴏʟᴠᴇ:
A= 3500(1+0.75×3)
=$4287.5
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