Julie borrow $3500 for 3 years at 7 1/2% simple interest rate. How much interest is that?

8 R2

Step-by-step explanation:

First, you have to find a number to multiply by 3 so you can get the closest answer to 26.

3x1=3

3x2=6

3x3=9

3x4=12

3x5=15

3x6=18

3x7=21

3x8=24

3x9=27

You can't use 3x9 because the answer is greater than 26, so we use 3x8 instead. We multiplied by 8 so you put 8 on top in the first box as the quotient. Now put the number 24 under 26 and subtract to get 2. Then, put the 2 next to the "r" o. top because it is the remainder.