The value of the real life expression is, simple interest = $12.5
The real life expression is given as:
simple interest = ($100) (0.05/year) (2.5 years
Divide 1 year by 1 year
simple interest = ($100) (0.05) (2.5)
Rewrite the equation as a product of factors
simple interest = ($100) * (0.05)* (2.5)
Evaluate the product of 0.05 and 2.5
simple interest = ($100) * 0.125
Evaluate the product of $100 and 0.125
simple interest = $12.5
Hence, the value of the real life expression is, simple interest = $12.5
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