Answer: the correct option is A
Step-by-step explanation:
Cost of the bus is $25000. She took a loan of $25000 to be paid of in 5 years at an interest rate of 7%.
The formula for simple interest is expressed as
I = PRT/100
Where
I = interest
P = principal or initial amount borrowed
T = time in years
R = interest rate in percentage
From the information given,
P = 25000
R = 7%
T = 5 years
Therefore
I = (25000 × 7 × 5)/100 = 875000/100
I = $8750
2.3= 2.03 so there for it is equal
Whats the given measurements
They're the same. Hopefully this helps.
