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Answer:How much does he usually grow ?
Step-by-step explanation:
Based on the simple interest amount he could be making, and the rate of investment, Tyrell's additional interest per month is $1,000.
<h3>How much is Tyrell paying in additional interest?</h3>
Assuming the additional interest that Tyrell is paying is x, the following formula can be used:
300 = (x × 2.5%) x 12 months
Solving gives:
300 = 0.025x × 12
0.025x = 300/12
x = 25 / 0.025
x = $1,000
Find out more on additional interest at brainly.com/question/27037531.
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