Answer:
The interest ethan will pay is $164.25
Step-by-step explanation:
To calculate the interest paid by ethan on the borrowed bike using the formula.
Simple Interest = Principal * rate * time/100
Principal = $2,190, rate = 2.5%, time = 3years
On substitution
SI = [tex]\frac{2190*3*2.5}{100}[/tex]
[tex]SI = \frac{16,425}{100}\\ SI= $164.25[/tex]
The interest ethan will pay is $164.25
