Question

Compute the amount of interest earned in the following simple interest problem. A deposit of $5,000 at 8.5% for 120 days = _____.

$140.25
$1,402.50
$14,025
$51,000

Answer 1

@moonchild777

Answer 2

i think its D

Answer 3

\[\text{Simple interest}=\frac{\text{Principle*Rate*Time}}{100}\]