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Gwar [14]
3 years ago
6

An amount of 18,000 was invested a 8% simple interest on may 25 , 2017 , how much shall be the amount of interest earned on Octo

ber 12, 2017 using the four methods of computing the interest
Mathematics
1 answer:
aleksley [76]3 years ago
8 0
The formula to find the amount of interest earned is I = PRT.
What is given?
Principal = $18000
Rate = .08 ( I assume you confused rate and si)
Time = .3671 in years (convert days into years) by dividing total days by 365.
I = ?

I = 18000(.08)(.3671)
I = $528.62
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Answer:

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