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P=15,000, r=8%, t=30 days. Find the simple interes owed for the use of the money. Assume 360 days
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P=15,000, r=8%, t=30 days. Find the simple interes owed for the use of the money. Assume 360 days

User Shawn Steward
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1 Answer

9 votes

Answer:

Explanation:

$15,000×0.08 = $1,200 interest for 360 days

$1,200 × 30/360 = $100 interest

User RanjitRock
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