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Find the interest due on$1200 at 8% for 240 days

Find the interest due on$1200 at 8% for 240 days
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1 vote
Find the interest due on$1200 at 8% for 240 days

User Toadfish
by
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1 Answer

3 votes
Assuming that you want simple interest: i = p*r*t

Here i = $1200* 0.08* 240/360 = $64 (answer)
User Anton Toshik
by
7.9k points
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