4 years ago

$300 at 5% annual interest for 7 years.

Mathematics

1 answer:

elixir [45]4 years ago

5 0

P = $300;
i = 5 % = 0.05;
n = 7 years;
The simple interest is:
I = $300 * 0.05 * 7
I = $105
Answer: D ) $105

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