How much interest will be paid in 1 year for a loan of $2500 at 9 1/2% simple interest?
1 answer:
You might be interested in
Answer:
<h3><u>Required Answer</u><u>:</u><u>-</u></h3>Every number raised to a negative exponent will have a value smaller than 1.
- This is False statement
- It will only be negative if the number is negative with an odd exponent.
- what you're actually doing is dividing instead of multiplying.