Option c is correct formula
Answer:
Constants
We call them constants because their value never change. Since there are no variables in the term that can change its value.
The correct answer would be 2,656.25 because you take the 8.5% and move the decimal 2 places to the left.
Now multiply the total (250,000) by .085% and you get $21,250
You will now take 21,250 and divide it by 8 giving you the answer.