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Author Question: The principal P is borrowed at simple interest rate r for a period of time t. Find the simple ... (Read 157 times)

anshika

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on: Feb 2, 2020

Question 1

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $600
r = 6.25%
t = 5 months
◦ $187.50
◦ $17.05
◦ $15.63
◦ $615.63

Question 2

The principal P is borrowed at simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answer to the nearest cent.

P = $10,500.00
r = 12%
t = 60 days
◦ $207.12
◦ $1260.00
◦ $630.00
◦ $210.00
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Marked as best answer by anshika on Feb 2, 2020

Christopher

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Reply #1 on: Feb 2, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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anshika

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Reply 2 on: Feb 2, 2020
Thanks for the timely response, appreciate it

komodo7

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Reply 3 on: Yesterday
:D TYSM

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