In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $5500; Time: 8 years; Interest rate: 2.5%; Interest: ?

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asked May 1, 2018 99.7k views

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In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $5500; Time: 8 years; Interest rate: 2.5%; Interest: ?

Mathematics
middle-school

Biagidp asked

by Biagidp

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7 votes

Answer:

i just took the test 100% sure the answer is 1,100

Explanation:

Icehawk answered May 2, 2018

by Icehawk

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5500*.025=137.50*8=1100
Take the principle times the intrest rate times 8. 1100 for 8 years or 137.50 for 1 year

Basanta answered May 6, 2018

by Basanta

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