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Science-Related Homework Help Mathematics Topic started by: choco1433 on Mar 8, 2023

Title: Convert the annual rate to a monthly rate. Then compute the simple interest on a monthly basis. ...
Post by: choco1433 on Mar 8, 2023

Convert the annual rate to a monthly rate. Then compute the simple interest on a monthly basis. Round answers to the nearest cent.

	Principal, Annual Rate, and Time	Interest
a.	$15,600 at 15% for 8 months	__________
b.	$10,000 at 8.4% for 3 months	__________
c.	$ 8,775 at 10.5% for 5 months	__________

Title: Re: Convert the annual rate to a monthly rate. Then compute the simple interest on a monthly basis. ...
Post by: knh1473 on Mar 8, 2023

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