kaylekurtz kaylekurtz

15-05-2021
Mathematics

contestada

BRAINLISTTTT
What is the simple interest on a $3,750 loan at a rate of 5% per year after 5 years?
a. $4,697.50
b. $13,125.00
c. $9,375.00
d. $937.50

Respuesta :

realsneezy realsneezy

15-05-2021

Answer:

d.937.50

Step-by-step explanation:

After each year it adds 5% so 5x5 is 25%

25% of $3,750 is $937.50

hope this helps :)

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