2. Solve the following problems involving simple interest. Recall Simple Interest-INT=PV*r*t
An investor decides to offer a business owner a $45,000 loan at simple interest of 3.5%
per year. Find the total amount in dollars, the investor will receive when the loan is
repaid after 7 years.

Using the rise/run rule. you would get 2/6.simp. 1/3

The answer is b.$19.99  hope this : )

This law is sometimes called the grouping property. as you can see, regardless of how the numbers are grouped, the answer is still 13. the associative law of multiplication is similar to the same law for addition. it says that no matter how you group numbers you are multiplying together, you will get the same answer.