find the simple interest due in dollars on an 8 years loan of 1250 if the annual simple interest

Question

Varsha Aggarwal · Answer

So in this question we have to find simple interest. So principle equal $2 ,500 time equal to ye

Khushbu Rani · Answer

Hi, there is a question we say that the simple interest charged on a 65 day loan of 1250 is 7 .7

Catt Huth · Answer

We&#x27;re asked to find an amount in the account based on simple interests. And we use the amount in

Hubert Agamasu · Answer

Again, we can treat this as a geometric progression where the n -f term is given by the formula

Emily Himsel · Answer

So for this question, we&#x27;ll be using the formula i equals PRT. So i is equal to simple interest,

find the simple interest due in dollars on an 8 years loan of 1250 $ if the annual simple interest rate is 7.5%