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Question 16

4 Points
Using the formula 1 = PRT, find I when P = 3634, R = 6% and T = 7. Round your answer to the nearest penny. Enter only the value
without the $.
Round your answer to 2 decimal places.
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1 Answer

5 votes
Answer: $1526.28

I = (3634)(0.06)(7)
I = 1526.28

When using percents, make sure to divide it by 100 and use that (0.06 instead of 6 in this problem)
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