Answer: The second and the last answer are correct
Step-by-step explanation:
This is the concept of financial mathematics, the simple interest rate is given by:
S.I.=(PRT)/100
where:
P=principle=$2500
R=rate=5.5%
T=time=1 year
Hence;
S.I.=(5.5*2500.1)/100
=$137.5
Thus the total amount he had after 1 year will be:
2500+137.5
=$2,637.5
Answer:
i think its a <em>knockoff</em>
Step-by-step explanation:
