Answer : 118 or -40
Explanation I didn’t know which one you meant
The simple interest formula<span> allows us to calculate I, which is the </span>interest<span> earned or charged on a loan. According to this </span>formula<span>, the amount of </span>interest<span> is given by 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.
I = Prt
I = 5500 (8) (0.025) = 1100 <----second option</span>
Answer: I cant see image!!!
Step-by-step explanation:
Hello,
Please, see the attached files.
Thanks.
