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Find the simple interest to the nearest cent. $300 at 7.5% for 5 years

Find the simple interest to the nearest cent. $300 at 7.5% for 5 years
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Find the simple interest to the nearest cent.

$300 at 7.5% for 5 years

asked
User Hpar
by
8.0k points

1 Answer

6 votes

Answer:

$412.5

Explanation:

7.5*5=37.5

300*0.375=112.5

300+112.5=412.5

answered
User Hovo
by
8.4k points
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