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
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.
2 answers
date of investment sept. 4, 2002 and date of maturity feb. 12, 2003. what is the approximate no. days and actual no. of days?