Answer:
Amount of interest pay per year = $97.5 (Approx.)
Step-by-step explanation:
Given:
Amount borrow for college expenses = $3,897
Rate of interest = 2.5%
Find:
Amount of interest pay per year
Computation:
Using Simple interest formula;
Simple interest = Amount borrow x Rate of interest x number of year
Amount of interest pay per year = 3,897 x 2.5% x 1
Amount of interest pay per year = 3,897 x 0.025
Amount of interest pay per year = 97.425
Amount of interest pay per year = $97.5 (Approx.)
Since the communative property shows you can add or multipy in any order, this means you can add all three of these in a different order and still get the same answer.....For example, you can do $1.25 + $0.80 + $2.75 or you can switch it around and do it in another way
I'm confused when I did it I got .35 and you divide
hope it helped
B. 0.930 ~Apex ;) .....................................
Answer:
20.
Step-by-step explanation:
That's the correct answer
