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$4500 principal, 9% rate, 3.5 years. find the simple interest
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$4500 principal, 9% rate, 3.5 years. find the simple interest

User TBouder
by
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1 Answer

2 votes

Answer:

Formular - I =PRT ÷100

I=$4500×9×3.5 ÷100

I=$141750÷100

I=$1417.5

Therefore the simple interest will be $1417.5

User Ruyili
by
8.2k points
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