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Hi guys can someone help me please i am having trouble and cant answer anything!! TYSM Question: What is the simple interest, to the nearest cents, on $1250 if the money is inve…

Hi guys can someone help me please i am having trouble and cant answer anything!! TYSM Question: What is the simple interest, to the nearest cents, on $1250 if the money is inve…
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21 votes
Hi guys can someone help me please i am having trouble and cant answer anything!!

TYSM

Question:
What is the simple interest, to the nearest cents, on $1250 if the money is invested at an annual rate of 9.5% for 360 days?

asked
User Sigcont
by
8.1k points

1 Answer

6 votes

Answer:

The interest is $117.12

Explanation:

answered
User David Raab
by
9.0k points
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