Nthe situation, simple interest is calculated yearly. how much interest was earned? drag and drop the answer into the box.
principal: $5500; time: 8 years; interest rate: 2.5%; interest: ?

- Interest was earned=$1,100

Explanation:-

Given: Principal P, =$5,500

Time t= 8 years

Interest rate r=2.5%   [convert into decimal]

We know that,

Simple Interest=P×r×t

⇒Simple Interest=$5,500×0.025×8 [Substitute the value of P,r ant t]

⇒Simple Interest=$1,100

Therefore, Interest was earned=$1,100.

3. (5x + 1) - (-10x + 6)

simplify the answer choice. combine like terms. remember to distribute the negative to the terms inside the second parenthesis. also remember that two negatives = one positive, and one of each sign = negative.

- (-10x + 6) = + 10x - 6

simplify. combine like terms:

5x + 1 + 10x - 6

5x + 10x + 1 - 6

15x - 5

∴ it is your answer

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