1.) How much interest will be paid in 1 year for a loan of $ 2800 at 5 1/2 % simple interest?

$154

$1540

$15,400

$15.40

2.) Brett deposited $150.00 in an account that paid 3% simple interest. How much interest did Brett earn in 5 years?

$4.50

$7.50

$15.00

$22.50

Question

Lawrence Martin

20 January, 13:07

+3

Answers (1)

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Jaeden Galvan · Answer 1

Jaeden Galvan 20 January, 15:10

0

For #1 it is $1540. For #2 $7.50.

1.) How much interest will be paid in 1 year for a loan of $ 2800 at 5 1/2 % simple interest?$154$1540$15,400$15.402.) Brett deposited $150.00 in an account that paid 3% simple interest. How much interest did Brett earn in 5 years?$4.50$7.50$15.00$22.50