4 years ago

Standard algorithm 3÷5316

Mathematics

1 answer:

omeli [17]4 years ago

7 0

0.00056433 is the answer

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3 years ago

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iris [78.8K]

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4 years ago

An investor puts $2,500 into a life insurance policy that pays 8.5% simple annual interest. If no additional investment is made

Dima020 [189]

Answer: Option 'B' is correct.

Step-by-step explanation:

Since we have given that

Principal amount (P)= $2500

Rate of simple annual interest (R) = 8.5%

Number of years (T)= 10

As we know the formula for "Simple Interest ":

$Interest=\frac{P\times R\times T}{100}\\\\Interest=\frac{2500\times 8.5\times 10}{100}\\\\Interest=\$2125.00$