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ginacolly ginacolly
  • 27-05-2014
  • Mathematics
Answered

The principal P is borrowed at a 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 answers to the nearest cent.


P=$180, r=3%, t= 2 years

Verified Answer :

Preethi Preethi
  • 27-05-2014

Y= (180(1+.03)^2)-180

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