Asked by Rita

Compute the simple interest. Assume 1 month to be of a year. Round your answer to the nearest cent.

Principal Rate Time Interest
$1,025 4.5% 16 months

11 years ago

Answered by Ms. Sue

Do you mean that 12 months to be a year?

11 years ago

Answered by Rita

yes

11 years ago

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Asked by Rita

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