A business just took out a loan for $100,000 at 10% interest. If the business pays the loan off in three months, how much did the business pay in interest?

$2,500

Step-by-step explanation:

The amount the business pay in interest can be calculated using the sinple interest formula as shown:

Simple Interest = Principal × Rate × Time/100

Given Principal = $100,000 (Loan)

Rate = 10%

Time (in years) = 3months = 3/12 years

Substituting the parameters into the formula we will have;

SI = 100,000×10×3/12×100

SI = 1000×30/12

SI = 30,000/12

SI = $2,500

Therefore the business pays an interest of $2,500

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his first public project he is asked to create a small scale drawing. the garden is a right triangle with base 25m and height 30m. are you trying to solve for the last side/hypotenuse? the irrational form of the answer would be 5\sqrt{61}