aiyana1210 aiyana1210

06-11-2020
Mathematics

contestada

What is the interest on $25,000 at a rate of 4.75% for 36 months?
$28,562.50
$3562.50
$4,275,000
$257.50

Respuesta :

sweetchrono sweetchrono

06-11-2020

It would be B, $3562.50-

You would multiply 25,000 by .0475, and get 1,187.5.

Then you multiply 1,187.5 by 3 (because 36 months is 3 years) and get $3562.50.

Hope that helps !

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