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Help with this one! Show steps pls
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5 votes
Help with this one!


Show steps pls

Help with this one! Show steps pls-example-1
User Shenny
by
5.5k points

1 Answer

6 votes

Answer:

$177.50

Explanation:

Simple interest formula is i = p*r*t, where r is the interest rate as a decimal fraction.

Here, i = $71,000 * (0.01) * (3/12) = $177.50

User Milos Cuculovic
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4.9k points
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