Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates

Tyrell has a bankruptcy on his credit report and therefore pays higher interest rates on his current loans. He calculates that the extra money he pays in additional interest each year, if invested at the rate of 2. 5% for one year, could earn him simple interest totaling $300. How much does Tyrell pay in additional interest each month? a. $90 b. $100 c. $1,000 d. $12,000 select the best answer from the choices provided. A B C D.

Leave a Reply

Your email address will not be published.