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.
P is the principal amount
R is the rate of interest
We have in the question:
I = $180
R = 2% = 0.02
T = 1 year
Put the above values in the formula, we get:
180 = P(0.02)(1)
P = $9000
The additional interest Benson pay each month is:
= 9000/12
= $750
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:
brainly.com/question/22621039
150 is the amount of interest earned for one year because the formula of PRT is, in this case 5000 times 0.03 times one which gets you the answer of 150.
1/2 of $8.50 is $4.25
1/4 of $4.20 is $1.05
$5.30 w/o taxes
$5.74 is your answer
Answer:
y=mx + b
the slope is -3,2
y= -0.67x + 5
this is what. i got i could be wrong, sorry if i am
Step-by-step explanation:
