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Six million, one hundred seventy-three thousand, two hundred fifty three
Answer:
it has 3 terms and a degree of 5
Step-by-step explanation:
it is so eazy
The answer is 296 hope it helps
The simple interest accrued is = $750
<h3>Calculation of simple interest</h3>
The principal amount of the loan = $7500
The rate at which the interest is paid is = 2.5%
The time that it will take to pay the interest = 4 years
Using the formula for Simple interest;
SI= P×T×R/100
SI = 7500×4 × 2.5/100
SI= 75000/100
SI=$750
Therefore, the interest accrued on a $7500 loan with a 2.5% interest rate over 4 years is = $750
Learn more about simple interest here:
brainly.com/question/20690803
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