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In this situation, simple interest is calculated yearly. Principal: $5500 Time: 8 years Interest rate: 2.5% How much interest was earned? A: 137.50 B: 1,100 C: 5,500 D: 6,600 E: 44,000
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1 vote
In this situation, simple interest is calculated yearly.

Principal: $5500

Time: 8 years

Interest rate: 2.5%
How much interest was earned?

A: 137.50
B: 1,100
C: 5,500
D: 6,600
E: 44,000

User Marcel Burkhard
by
8.5k points

2 Answers

2 votes
B. $1100.
$5500 times 0.025 = 137.5.
137.5 times 8 = $1100.
User Llona
by
8.8k points
3 votes
Its B, i golpe that tris help you yo much
User Haran
by
8.5k points
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