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

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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