Question

on what day will 8,000 earn 180 interest when invested on April 25, 2002 at 9% simple interest? use ordinary interest and actual time.
I = PRT
8000(.09)T = 180
T = .25 years or 91 days

I will leave it up to you to calculate what date that is
date of investment sept. 4, 2002 and date of maturity feb. 12, 2003. what is the approximate no. days and actual no. of days?

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