Register
How much simple interest will be due on a loan of $7000 at a 3.75% annual interest rate for one year? A. $7262.50 B. $2625.00 C. $262.50 D. $37.50
206k views
0 votes
How much simple interest will be due on a loan of $7000 at a 3.75% annual interest rate for one year?

A.
$7262.50

B.
$2625.00

C.
$262.50

D.
$37.50

User Calfzhou
by
7.9k points

1 Answer

7 votes
C. turn 3.75 into a decimal, then multiply it by 7000. Then you get your answer which is 262.50.dont forget to move the decimal:)
User Chris Aldrich
by
8.3k points
← Prev Question Next Question →

Related questions

User Arco Bast
asked Jan 5, 2018 120k views
A salesperson earns ​$105 commission selling ​$2625 worth of television sets.
Arco Bast asked Jan 5, 2018
by Arco Bast
8.2k points
1 answer
2 votes
120k views
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Other Questions

How do you can you solve this problem 37 + y = 87; y =
What is .725 as a fraction
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!