11-04-2021
Mathematics

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What is the simple interest earned on $2500.00 that earns 3.5% interest for 24 months?

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shristi1283 shristi1283

11-04-2021

Answer:

[tex]simple \: interest = si \\ si = \frac{p \times t \times r}{100} \\ = \frac{2500 \times 3.5 \times 1}{100} \\ = 87.5[/tex]

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