Answer:
i. $375
ii, $2875
Step-by-step explanation:
Given
Princinpal= $2,500
rate= 7.5%
time= 2 years
Required,
The simple interest, and the final amount
Step two:
SI= PRT/100
SI= 2500*7.5*2/100
SI=37500/100
SI=$375
The simple interest is $375
And the final amount = $2,500 +$375= $2875
