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Racheljoypuasgo
Answered

they will offer an annual simple interest rate of 15% however they will pay interest every end of the year for 5 years. compute it​

Sagot :

Hakdouggo

Answer:

187,500

Step-by-step explanation:

given: (t/time)=5

(r/rate)=15% or 0.15

(P/Principal)=250,000

(I/interest)=?

formula : Is=Prt

Is=(250,000)(0.15)(5)

Is=187,500

correct me if im wrong

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