BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Ignacio earns 5 percent simple interest annually on his savings account. How much interest will he earn each month on $1250?simple interest = P × r × t
|
|
$5.21
|
|
|
$52.10
|
|
|
$62.50
|
Explanation:
Detailed explanation-1: -The interest earned by Ignacio will be $5.21 per month.
There is 1 question to complete.