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

## Answers ( )

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.