I think the answer will be 17 square that what my friend said.
I believe that it is C, mind you I could’ve got it wrong. It’s been awhile since I’ve done that kind of math.
The smaller the margin of error the better, so I would say 2.1
I=PRT
I=interest
P=principal
R=rate in decimal
T=time in years
we want to find how much he earns when he invests 1250, on 5%, and how much per month, or 1/12 years
P=1250
R=0.05
T=1/12
I=1250(0.05)*(1/12)
I=62.5/12
I=5.2083333
round to nearest cent
I=$5.21
about $5.21 per month
