BUISENESS MANAGEMENT
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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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
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$5.21
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$52.10
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$62.50
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None of the above
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Explanation:
Detailed explanation-1: -The interest earned by Ignacio will be $5.21 per month.
There is 1 question to complete.