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1,000, 2% , 9 months find the simple interest
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1,000, 2% , 9 months find the simple interest

User Pikzen
by
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1 Answer

7 votes

Answer:

I = 15

Explanation:

The formula for finding interest is I=PRT.

I = Interest

P = Principal (dollars)

R = Rate (percent in decimal form)

T = time (in years)

So, I = 1000×0.02×0.75

Multiply those numbers, and get 15 as interest.

User Sebplorenz
by
7.4k points
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