Question

In this situation, simple interest is calculated yearly.

Principal: $5500

Time: 8 years

Interest rate: 2.5%
How much interest was earned?

A: 137.50
B: 1,100
C: 5,500
D: 6,600
E: 44,000

Answer 1

Its B, i golpe that tris help you yo much

Answer 2

B. $1100.
$5500 times 0.025 = 137.5.
137.5 times 8 = $1100.