Lynn takes out a loan for $7540 that charges an annual simple interest rate of 6.5%. She does not make any payments for 2 1/2 ye
ars. How much will Lynn owe on her loan after 2 1/2 years?
plzzzzzzz :) i will give u crown but plz show work i need it asap
1 answer:
Answer:
8765.25
Step-by-step explanation:
p=$7540
r=6.5%
t=2.5
simple interest formula= (p*r*t)/100
(7540*6.5*2.5)/100=1225.25
total amount= p+S.I
=7540+1225.25
=8765.25
thankyou^^
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