Which phrase describes the pattern? 1, 2, 5, 14, 41,...
1 answer:
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Answer:
$937.50
Step-by-step explanation:
interest (I) is calculated as
I = PRT
where P is the principal ( amount borrowed ), R is the rate of interest and T is the time in years
here P = $2500, R = 7.5 and T = 5
I = $2500 × × 5 = 25 × 7.5 × 5 = $937.50