Question

Principal, $3000 × annual interest rate, 5/2% × years​​,7/2

Answer 1

$262.5

Step-by-step explanation:

p=$3000

R=5/2%

T=7/2 years

hence ,

interest= p×t×r/100

= (3000×5/2×7/2)/100

= (30×35/4)

= (7.5 × 35)

=$262.5