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9966 [12]
2 years ago
6

24.Julie borrowed $3,500 for 3 years at 7½% simple interest rate.

Mathematics
1 answer:
krek1111 [17]2 years ago
4 0

Answer:

  • $787.5 = Interest

Solution:

<u>Let's use PRT/100 to find the simple interest.</u>

  • 3500 x 7.5 x 3/100 = Interest
  • → 35 x 7.5 x 3 = Interest
  • → 35 x 7.5 x 3 = Interest
  • → $787.5 = Interest

Hence, the simple interest is $787.5.

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