I’m guessing C, but I’m not for sure
To earn $345.45 simple interest in 7 years, you have to invest $940.
<u>Step-by-step explanation:</u>
Step 1:
Given details are Simple Interest Rate (R) = 5.25%, Simple Interest (SI) = $345.45, Time (T) = 7 years
Step 2:
Use the above details to find principal using the formula for Simple Interest (SI) = PRT/100
⇒ 345.45 = (P × 5.25 × 7)/100
⇒ 34545 = 36.75 P
⇒ P = $940
If somebody send links report them
Answer:
4.8%
Step-by-step explanation:
Step 1: divide the numerator by denominator
Step 2: Multiply 100 with the answer.
....................................................................
6/125 = 0.048
0.048 * 100
=4.8%
