Answer:150
Step-by-step explanation:
So every year the interest will be $1000 * 5 / 100 = $50. That is, after 3 years 3 * $50 = $ 150. Simple interest does not take into account the reduction of the principal but calculates the interest over the same initial amount, in this case $1000. So, the answer is $150, which is the result of $50 times 3.
Answer:
$24750
Step-by-step explanation:
Given data
Principal= $45000
Time=5 years
Rate= 11%
Let us apply the simple interest expression
SI= PRT/100
substitute
SI= 45000*11*5/100
SI= 2475000/100
SI= $24750
Hence, Craig would have paid $24750
Answer:
The answer is d the one with the 18 in it
Step-by-step explanation:
