pLzHaLpMe pLzHaLpMe

27-01-2015
Mathematics

Answered

How much simple interest will be due on a loan of $7000 at a 3.75% annual interest rate for one year?

A.

$7262.50

B.

$2625.00

C.

$262.50

D.

$37.50

Verified Answer :

wippin2015 wippin2015

27-01-2015

C. turn 3.75 into a decimal, then multiply it by 7000. Then you get your answer which is 262.50.dont forget to move the decimal:)

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