At the end of the first full month the interest acquires is $ 1.30.
<u>Step-by-step explanation:</u>
Since we are looking for the interest for full month, we have to divide the APR by 12.
Because APR is the interest amount for the full year.
So 3.75 % = 3.75/100 = 0.0375
Now multiplying, we will get
415 × 0.0375/12 = $ 1.30
25/28
is in it's lowest form, as it cannot be reduced anymore.
25/28 = 0.8928571
hope this helps
I need more information to answer this
Answer:
The answer will be A. 27f
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