What is the simple interest earned on $2500.00 that earns 3.5% interest for 24 months?

Bartoszukm asked Mar 1, 2022

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Bartoszukm asked Mar 1, 2022

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16 votes

Answer:

$simple \: interest = si \\ si = (p * t * r)/(100) \\ = (2500 * 3.5 * 1)/(100) \\ = 87.5$

Rakeeee answered Mar 7, 2022

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