salas252024 salas252024

26-03-2022
Mathematics

contestada

Find the simple interest on the loan of $2500 for 2 years at 5%.
$
(Simplify your answer. Round to the nearest cent as needed.)

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surjithayer surjithayer

26-03-2022

Answer:

Step-by-step explanation:

simple interest=prt

p=principle amount

r=rate

t=time

here p=$2500

r=5 %=0.05

t=2 years

simple interest=2500×2×0.05=$250

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