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Alenkasestr [34]
3 years ago
6

The Galindo family plans to start a small business in our neighborhood. The father

Business
1 answer:
dmitriy555 [2]3 years ago
3 0

Answer:

$2,625

Explanation:

Interest is calculated using the formula

I = p x r x t

For Galindo family

I= interest,

P = principal amount : $10,000

r= Interest rate: 7.5 % or 0.075

t= times in years : 3.5 years( 42 months /12)

I= $10,000 x 0.075 x 3.5

I=750 x 3.5

I=$2,625

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