Answer:
15
Step-by-step explanation:
check the attached document for answer
992
John have to pay back $23,327.50 at the end of two years
Simple Interest (I) = (PRT) ÷ 100
where P = Principal, R = Rate, T= Time
I = ($150500 × 7.75 × 2) ÷ 100
I = ($2332750) ÷ 100
I = $23,327.50
