Pls help!!! What is the annual interest for a principle of $5,500 at a simple interest rate of 4.5%?
1 answer:
Answer:
Hi Ok So I might be wrong but Here is my answer
$1237.50
r = 4.5% = 0.045
I = prt
I = 5500*0.045*5
= $1237.50
Hope i helped pls mark me as brain list if I'm correct
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