Respuesta :

samuelonum1

Answer:

$194.25

Step-by-step explanation:

Given data

Principal=  $7400

Rate=  10.5%

time= 1/4 years

The simple interest formula is given as

SI= PRT/100

substitute

SI= 7400*10.5* 0.25/100

SI= 19425/100

SI= $194.25

Hence Mark will pay  $194.25