What is the simple interest that is missing from the table? Use the formula mc012-1.jp
1 answer:
The simple interest is $24.75.
<h3>What is the simple interest?</h3>
The simple interest that is paid on an amount of money is a function of the amount deposited, time and interest rate.
Simple interest = amount deposited x time x interest rate
$375 x 0.022 x 3 = $24.75
To learn more about simple interest, please check: brainly.com/question/27328409
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