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Simple interest $4000 at 7% for 8 mo.
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1 vote
Simple interest $4000 at 7% for 8 mo.

User Neshta
by
8.7k points

1 Answer

6 votes
I = p(rt + 1)
I = (4000 x .07 x
(8)/(12)) + 4000
I = 186.67 + 4000
I = around $4186.67

*hope this helped!

User Cubiczx
by
8.0k points
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