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 365 days in a year. P = $9000, r = 1.5%, t = 9 months The simple interest owed for the use of the money is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

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 365 days in a year. P = $9000, r = 1.5%, t = 9 months The simple interest owed for the use of the money is $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 20E

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