Asked by JOHN DUNN
THE PRINCIPAL IS BORROWED AT SIMPLE INTREST RATE OF R FOR A PERIOD OF TIME t. Find the simple interest rate owned for the time use of the money. Assume 360 days in a year.
P=$5000, R=8.5% t =9 months.
P=$5000, R=8.5% t =9 months.
Answers
Answered by
Ms. Sue
I = PRT
I = 5000 * 0.085 * 0.75
I = 5000 * 0.085 * 0.75
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.