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Question 23 2.5 points Save Answer Solve the problem. Jamal needs extra money to buy a truck to start up a delivery service.
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Answer #1

Answer:

a = 7000, n = 3, r = 5.45

formula for simple interest is

= \frac{a * r * t }{100} = \frac{7000 * 5.45 * 0.25 }{100}

= 95.375

interest = 95.38

future amount = amount + interest

future amount = 7000 +  95.38

future amount = 7095.38

Answer = interest : $ 95.38 ; future value : $ 7095.38

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