What is the simple interest earned on $2500.00 that earns 3.5% interest for 24 months?
1 answer:
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Check the picture below.
break it up into simpler shapes. See the photo.
There is:
trapezoid
A = 0.5(3.2+6.5)4.5
= 21.825
triangle
A = 0.5(2.7)4.5
= 6.075
rectangle
A = 1.8(4.5)
= 8.1
Total Area = 21.825 + 6.075 + 8.1
= 36
There is:
trapezoid
A = 0.5(3.2+6.5)4.5
= 21.825
triangle
A = 0.5(2.7)4.5
= 6.075
rectangle
A = 1.8(4.5)
= 8.1
Total Area = 21.825 + 6.075 + 8.1
= 36