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\$1500 at 8.5% for 6 months
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20 votes
\$1500 at 8.5% for 6 months

User Jinesh Choksi
by
3.2k points

1 Answer

7 votes

Answer:

p=$1500

R=8.5%

T=6/12=0.5YEAR

SIMPLE INTEREST=PTR/100=(1500×8.5×0.5)/100=$63.65

User Doncho Gunchev
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