PLEASE HELP ..adam takes a loan of $8,250 at a 7% simple rate for 5 years . How much will be paid after 3 years ? how much interest will be paid in total for the loan?
a. $577.50; $2,887.50
b. $1,732.50 ; $2,887.50
c. $4,352.00 ; $7,253.50
d. $17,325.00 ; $28,875.00