You obtain a simple interest loan from National City for $2,500 at 7.5% for 5 years. Find the amount of interest on the loan.

asked Apr 24, 2019 188k views

3 votes

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6 votes

Answer:

i got 937.50

Explanation:

Dmitry Malys answered Apr 26, 2019

6.9k points

3 votes

(2500*7.5%)*5= you answer .075=7.5%

2500*.075=187.5

187.5*5=937.5

Your answer is 937.5

Guns answered May 1, 2019

by Guns

6.5k points

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