Answer:
It would be the third one hope i helped
Step-by-step explanation:
Hi! So, I don´t know the answers to this, but I think I know someone who might be able to help. Her username is IDONTLIKEUSERNAMES
Maybe message her?
You just divide. 38÷12=3.166~ $3.17
Simple interest is basically the cost of borrowing money over a period of time. So if you have borrowed $110.00 at 5% for two years, you will multiply the 5% by the two years (presuming that it is 5% annual percentage rate (APR). So, You will multiply the 110 by 10% (or .1) to get $11 dollars of simple interest.
