What is the simple interest value missing in the table? Principal $2,500 Interest rate 3.5% Time 5 years Interest ? $43.75 $437.
50 $4,370.50 $43,750.00
2 answers:
Answer:
$4,3750.00
Step-by-step explanation:
Simple interest is calculated using the equation:
I = Prt
I = Interest
P = Principal
r = Rate
t = Time (years)
I = 2,500 * 3.5 * 5
43750 = 2,500 * 3.5 * 5
Therefore, the interest is $43750.00
Answer:
Step-by-step explanation:
Simple interest = PTR/100
Where P=$2500, T=5years, R=3.5%
Simple Interest= $2500×5×3.5/100
=$43750
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