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Principal, $3000 × annual interest rate, 5/2% × years​​,7/2
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19 votes
19 votes
Principal, $3000 × annual interest rate, 5/2% × years​​,7/2

User Patrick Eaton
by
2.7k points

1 Answer

17 votes
17 votes

Answer:

$262.5

Step-by-step explanation:

p=$3000

R=5/2%

T=7/2 years

hence ,

interest= p×t×r/100

= (3000×5/2×7/2)/100

= (30×35/4)

= (7.5 × 35)

=$262.5

User Diastrophism
by
2.8k points
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