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In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $5500; Time: 8 years; Interest rate: 2.5%…

In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $5500; Time: 8 years; Interest rate: 2.5%…
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1 vote
In the situation, simple interest is calculated yearly. How much interest was earned? Drag and drop the answer into the box. Principal: $5500; Time: 8 years; Interest rate: 2.5%; Interest: ?

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User Biagidp
by
7.6k points

2 Answers

7 votes

Answer:

i just took the test 100% sure the answer is 1,100

Explanation:

answered
User Icehawk
by
8.8k points
3 votes
5500*.025=137.50*8=1100
Take the principle times the intrest rate times 8. 1100 for 8 years or 137.50 for 1 year
answered
User Basanta
by
7.5k points
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