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OpenStudy (anonymous):
How much interest will be paid in 1 year for a loan of $2500 at 9 1/2% simple interest? i will give a medal...
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OpenStudy (anonymous):
help me
OpenStudy (anonymous):
please
OpenStudy (anonymous):
$2,500 * 0.095 = $237.50 in interest for that year
OpenStudy (anonymous):
so what is the exact answer. i am confused
OpenStudy (anonymous):
is it 237.50
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OpenStudy (anonymous):
Yep
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