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I WILL GIVE 15 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS PLEASE

I WILL GIVE 15 POINTS TO THOSE WHO ANSWER THIS QUESTION RIGHT NOOOO SCAMS PLEASE-example-1

1 Answer

5 votes

Answer:

B, $305.11

Explanation:

since it is in annual interest, 36 months = 3 years.

use the formula for simple interest, which is x = Prt

278 * 0.0325 * 3 = 27.105

that is the interest that you gained.

then, add the original amount that you had, which was 278.

27.105+278 = 305.105

this rounds to $305.11, which is answer choice B

User EugZol
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