2 years ago

Find the simple interest on the loan of $2500 for 2 years at 5%.

Mathematics

1 answer:

Eduardwww [97]2 years ago

7 0

Answer:

Step-by-step explanation:

simple interest=prt

p=principle amount

r=rate

t=time

here p=$2500

r=5 %=0.05

t=2 years

simple interest=2500×2×0.05=$250

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