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Science-Related Homework Help Mathematics Topic started by: seeb1999 on Feb 2, 2020



Title: The principal P is borrowed at simple interest rate r for a period of time t. Find the simple ...
Post by: seeb1999 on Feb 2, 2020

Question 1.

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $2000
r = 7%
t = 1 year

▸ $70

▸ $140

▸ $1400

▸ $7

Question 2.

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $140
r = 4%
t = 3 years

▸ $156.80

▸ $12.00

▸ $16.80

▸ $5.60


Title: The principal P is borrowed at simple interest rate r for a period of time t. Find the simple ...
Post by: christinaalex on Feb 2, 2020
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