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$500,3.75%,4 Months Use I=Prt
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2 votes
$500,3.75%,4 Months Use I=Prt

User Simon Brandhof
by
7.8k points

1 Answer

5 votes
Given:
P = $500
r = 3.75% = 0.0375
t = 4 months

Asked: I
Solution:

I = Prt
I = ($500)(0.0375)(4)

I = $75



User Cilap
by
7.2k points
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