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21-05-2022
Mathematics

contestada

Find the simple interest charged for a loan of:
a $2000 for 3 months at 1.1% per month

Respuesta :

Аноним Аноним

21-05-2022

Answer:

$5.50

Step-by-step explanation:

I = Prt

P = $2,000
r = 1.1% = 0.011
t = 3 months = 0.25 years

Solving :

I = (2,000)(0.011)(0.25)
I = (500)(0.011)
I = $5.50

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