Register
HELPPP ARE IMA GET AH BEATING AHA TY Use the simple interest formula to find the end balance. Round your answer to the nearest cent (hundredths place). $55,000 at 2.5% for 5 years a $6,875 b $68,750 c
169k views
5 votes
HELPPP ARE IMA GET AH BEATING AHA TY

Use the simple interest formula to find the end balance. Round your answer to the nearest cent (hundredths place).

$55,000 at 2.5% for 5 years

a
$6,875
b
$68,750
c
$61,875
d
$123,750

User Prateek Varshney
by
4.6k points

1 Answer

5 votes

Answer:

a) $6,875

Explanation:

S.I. = P×R×T/100

= 55,000 × 2.5 × 5/100

= 687500/100

= $6,875

User Kaleem Ullah
by
4.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.4m questions

5.6m answers

Other Questions

Before beginning voice lessons, Aubrey already knew how to sing 357 pieces, and she expects to learn 2 new pieces during each week of lessons. After 78 weeks of voice lessons, how many pieces will Aubrey
A study was completed in Florida. In southern Florida, the study involved 3,000 patients; 54% of them experienced flulike symptoms during the same month. The study had a margin of error of 1.8%. What does
Please answer asap.......... ...
What value of x makes the following true? 2(x + 10) = 4( 2x - 1)
1 divided by 1/5????????
Link Copied!