Asked by Queen

Jacksonville Technical College received 3,445,553 in state aid on September 15 for the fall semester, 2,000,000 was invested on a 2 month investment that pays 11.5% interest. How much interest will be earned?
Answered by Ms. Sue
I = PRT

I = 2,000,000 * 0.115 * 0.1667

I = ?

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