The formula for simple interest is:
I=\frac{P\times t\times r}{100}
Given P = $75000, t = 12.5 years, and r = 3.45% or 0.0345:
I=\frac{75000\times12.5\times0.0345}{100}=323.4375
Frequently asked questions (FAQs)
Question: What is the limit as x approaches 2 of [(2x + 1)/(x - 2)]?
+
What is the product of (2^3)^4?
+
What conditions must be met for two triangles to be considered congruent, and what does the