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lana [24]
3 years ago
14

Jeff volunteers his time

Mathematics
2 answers:
IgorC [24]3 years ago
6 0

Answer:

cool

Step-by-step explanation:

Aleksandr [31]3 years ago
3 0

Answer:

Jiffy

Step-by-step explanation:

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The additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year, option (b) is correct.

<h3>What is simple interest?</h3>

It is defined as the interest on the based on the principal amount, it does not include the compounded amount. The interest calculate on the initial amount or borrowed amount.

We know the formula for the simple interest is given by:

I = PRT

Where I is the simple interest.

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We have in the question:

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T = 1  year

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The additional interest Benson pay each month is:

= 9000/12

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Thus, the additional interest Benson pay each month is $750 if he invested at the rate of 2% for one year option (b) is correct.

Learn more about the simple interest here:

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