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pentagon [3]
3 years ago
6

A bank loans ​$2100 to a business at 7​% for 3 months. How much simple interest will the bank​ earn?

Mathematics
1 answer:
Natali [406]3 years ago
7 0

Answer:

  $36.75

Step-by-step explanation:

The amount of interest payable is given by ...

  I = Prt = $2100·0.07·(3/12) . . . . . . . . t is in years

  I = $36.75

The bank earned $36.75 on the loan.

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