A
simple interest on $2,900 at 7 percent for 60 days
(using ordinary interest) is:
c
.
=
o $33.83
o $38.33
olcu
$33.73
o none of the above

33.37

Step-by-step explanation:

Given:

Principle amount, p=2900

Interest, i=0.07

time,t=60 days

         = 60/365

Simple interest= P*i*t

                         = 2900*0.07*(60/365)

                          =33.37 !

1) 2/5

2) zero=0/1

3) zero=0/2

4) -4/5

5) undefined=3/0