Asked by Muffin

Find the simple rate

Principal $2400
Rate 10 1/2%
Time in years 1 1/2
Answered by JJ
Did you mean find the simple interest?

If so... here is the method to use.
Interest = Principle x Rate x time

P = 2400
R = 10.5% use .105 in the formula
T = 1.5
Answered by Muffin
Yes Meant interest
Answered by JJ
Then you just have to multiply 2400 x .105 x 1.5
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