I think it would be c if it were a greater rate I don't know if i am right I'll check back with you guys on the answer
<span>I = Prt, where P is the principal, r is the annual </span>interest<span> rate in decimal form, and t is the loan period expressed in years.
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First, Let us convert 3.4% into decimal form. <span>Move the decimal point two places to the left, adding in zeros as needed. 0.034</span>
Second, lets plug in our information.
250 * 0.034 * 3 = 25.50
Your simple interest is: $25.50
