A

Simple interest on $2,900 at 7 percent for 60 days

(using ordinary interest) is:

C

.

=

O $33.83

O $38.33

OLCU

$33.73

O none of the above

Question

Kyra

Mathematics

22 May, 08:55

A

Simple interest on $2,900 at 7 percent for 60 days

(using ordinary interest) is:

C

.

=

O $33.83

O $38.33

OLCU

$33.73

O none of the above

+3

Answers (1)

Know the Answer?

Patience Blanchard · Answer 1

33.37

Step-by-step explanation:

Given:

Principle amount, p=2900

Interest, i=0.07

time, t=60 days

= 60/365

Simple interest = P*i*t

= 2900*0.07 * (60/365)

=33.37!

ASimple interest on $2,900 at 7 percent for 60 days(using ordinary interest) is:C.=O $33.83O $38.33OLCU$33.73O none of the above

A

Simple interest on $2,900 at 7 percent for 60 days

(using ordinary interest) is:

C

.

=

O $33.83

O $38.33

OLCU

$33.73

O none of the above