datnicebeird13
datnicebeird13 datnicebeird13
  • 10-01-2018
  • Mathematics
contestada

How much simple interest will be due on a loan of $9000 at a 4.25% annual interest rate for one year?


A.
$42.50


B.
$382.50


C.
$3825


D.
$9382.50

Respuesta :

christinetrueh
christinetrueh christinetrueh
  • 10-01-2018
B; Use the equation I= prt for simple interest.

I- Interest
P- Principle (amount of money)
R- Rate (Percentage)
T- Time
Answer Link

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