The simple interest formula<span> allows us to calculate I, which is the </span>interest<span> earned or charged on a loan. According to this </span>formula<span>, the amount of </span>interest<span> is given by 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.
I = Prt I = 5500 (8) (0.025) = 1100 <----second option</span>
Multiples of 15 are: 15,30,45,60,75,90,105,120,135,150,165,180,195,210,225,240,255,270,285,300,315,330,345,360,375,390,405,420,435,450,465,480,495,510,525,540,555,570,585,600,615,630,645,660,675,690,705,720,735,