Solve the problem. Assume that simple interest is being calculated in each case. Round your answer to the nearest cent.Andy Jones opened a security service company. To pay for startup costs, Andy Jones borrowed  from a bank at 5% for 1 year. Find the interest.

A. $2940.00
B. $51,450.00
C. $2450.00
D. $245.00


Answer: C

Mathematics

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