Respuesta :
The answer is times the 5500 adding the 6600 and as it adds up the box rate to 1.75 the answer is 1.75 insterest rate and 132000 dollars left
The simple interest earned form principal of $5500, time of 8 years and rate of 2.5% is $1,100
How to find simple interest ?
Simple interest = prt / 100
where
- p = principal
- r = rate
- t = time
Therefore,
p = 5500
t = 8 years
r = 2.5 %
Therefore,
simple interest = 5500 × 2.5 × 8 / 100
simple interest = 110000 / 100
simple interest = $1100
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