Answer:
Ask your teacher to explain it. I think that the answer is one hundred and thirty-two dollars.
Step-by-step explanation:
The simple interest follows this formula:
I = C x r% x t
– C would be the capital; the money that is provided (in this case, $1600)
– r would be the rate, which could be annual, monthly, etc. In this scenario, it's not specified. Therefore, we assume that it's annual as the time is given in years. (It would be equal to 2,75, but don't forget about the percent symbol %, which is equal to 1/100)
– Finally, t stands for time.
Remember that both time and rate must be in the same measurement (annual, monthly, etc).
You multiple everything, and the result is $132
