A bank loans ​$2100 to a business at 7​% for 3 months. How much simple interest will the bank​ earn?

Question

A bank loans ​$2100 to a business at 7​% for 3 months. How much simple interest will the bank​ earn?

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Maya 2 weeks 2021-09-12T13:29:17+00:00 1 Answer 0

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    2021-09-12T13:30:45+00:00

    Answer:

      $36.75

    Step-by-step explanation:

    The amount of interest payable is given by …

      I = Prt = $2100·0.07·(3/12) . . . . . . . . t is in years

      I = $36.75

    The bank earned $36.75 on the loan.

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45:7+7-4:2-5:5*4+35:2 =? ( )