Question

What is the simple interest that is missing from the table? Use the formula mc012-1.jp




$375
r
2.2%
t
3 years
$25.00
$24.75
$2,475.75
$2,500.00

Answer 1

The simple interest is $24.75.

What is the simple interest?

The simple interest that is paid on an amount of money is a function of the amount deposited, time and interest rate.

Simple interest = amount deposited x time x interest rate

$375 x 0.022 x 3 = $24.75

To learn more about simple interest, please check: https://brainly.com/question/27328409

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