Question

1.)How much interest will be paid in 1 year for a loan of $ 2800 at 5 1/2 % simple interest?

$154


$1540


$15,400


$15.40


2.)Brett deposited $150.00 in an account that paid 3% simple interest. How much interest did Brett earn in 5 years?


$4.50


$7.50


$15.00


$22.50

Answer 1

Question To Number One
It will cost you$15,400

Question Number 2
Brett earned $7.50

Hope That Helps ;)