In this situation, simple interest is calculated yearly.
Principal: $5500
Time: 8 years...
Mathematics, 17.12.2020 21:50 babas97
In this situation, simple interest is calculated yearly.
Principal: $5500
Time: 8 years
Interest rate: 2.5%
How much interest was earned?
A: 137.50
B: 1,100
C: 5,500
D: 6,600
E: 44,000
Answers: 1
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