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16 August, 12:25

A

Simple interest on $2,900 at 7 percent for 60 days

(using ordinary interest) is:

C

.

=

O $33.83

O $38.33

OLCU

$33.73

O none of the above

+3
Answers (1)
  1. 16 August, 16:03
    0
    33.37

    Step-by-step explanation:

    Given:

    Principle amount, p=2900

    Interest, i=0.07

    time, t=60 days

    = 60/365

    Simple interest = P*i*t

    = 2900*0.07 * (60/365)

    =33.37!
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