Question

what is the simple interest that is missing from the table? use the formula \\(i = prt\\).

\\(\

$$\begin{array}{|c|c|}\\hline i & ? \\\\\\hline p & \\$375 \\\\\\hline r & 2.2\\% \\\\\\hline t & 3\\text{ years} \\\\\\hline\\end{array}$$

\\)

• \\(\\$25.00\\)
• \\(\\$24.75\\)
• \\(\\$2,475.75\\)
• \\(\\$2,500.00\\)

Explanation:

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<reasoning>

Identify the given values

Using the Simple Interest Formula knowledge point
\[

$$\begin{aligned} p &= 375 \\ r &= 2.2\% = 0.022 \\ t &= 3 \end{aligned}$$

\]

Calculate the simple interest

Using the Simple Interest Formula knowledge point
\[

$$\begin{aligned} I &= p \cdot r \cdot t \\ I &= 375 \cdot 0.022 \cdot 3 \\ I &= 8.25 \cdot 3 \\ I &= 24.75 \end{aligned}$$

\]
</reasoning>

<answer>
<mcq-option>(A) $25.00</mcq-option>
<mcq-correct>(B) $24.75</mcq-correct>
<mcq-option>(C) $2,475.75</mcq-option>
<mcq-option>(D) $2,500.00</mcq-option>
</answer>

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Answer:

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<reasoning>

Identify the given values

Using the Simple Interest Formula knowledge point
\[

$$\begin{aligned} p &= 375 \\ r &= 2.2\% = 0.022 \\ t &= 3 \end{aligned}$$

\]

Calculate the simple interest

Using the Simple Interest Formula knowledge point
\[

$$\begin{aligned} I &= p \cdot r \cdot t \\ I &= 375 \cdot 0.022 \cdot 3 \\ I &= 8.25 \cdot 3 \\ I &= 24.75 \end{aligned}$$

\]
</reasoning>

<answer>
<mcq-option>(A) $25.00</mcq-option>
<mcq-correct>(B) $24.75</mcq-correct>
<mcq-option>(C) $2,475.75</mcq-option>
<mcq-option>(D) $2,500.00</mcq-option>
</answer>

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