Answer:
When you deposit money in a bank, the bank usually pays you for the use of your money. When you take out a loan from a bank, you have to pay the bank for the use of their money. In both cases, the money paid is called the interest. It is usually expressed as a percent. Here we shall look at a formula for simple interest.
Answer:
r= 3 h = 6 then use 3^2 + 6^2 = l^2
Step-by-step explanation:
<span>I = Prt, where P is the principal, r is the annual </span>interest<span> rate in decimal form, and t is the loan period expressed in years.
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First, Let us convert 3.4% into decimal form. <span>Move the decimal point two places to the left, adding in zeros as needed. 0.034</span>
Second, lets plug in our information.
250 * 0.034 * 3 = 25.50
Your simple interest is: $25.50
I think it might be D. I'm just giving an educated guess.
