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olga_2 [115]
3 years ago
9

RACTICL

Mathematics
1 answer:
kupik [55]3 years ago
5 0

Answer:

<em>$</em><em>420</em>

Step-by-step explanation:

<em>Principal</em><em> </em><em>=</em><em> </em><em>$</em><em>7000</em>

<em>Rate</em><em> </em><em>=</em><em> </em><em>8</em><em>%</em>

<em>Time</em><em> </em><em>=</em><em> </em><em>9</em><em> </em><em>months</em>

<em>9</em><em> </em><em>months</em><em> </em><em>=</em><em> </em><em>3</em><em>/</em><em>4</em><em> </em><em>or</em><em> </em><em>0.75</em><em> </em><em>of</em><em> </em><em>a</em><em> </em><em>year</em>

<em>Simple</em><em> </em><em>Interest</em><em> </em><em>=</em><em> </em><em>Principal</em><em> </em><em>*</em><em> </em><em>Rate</em><em> </em><em>*</em><em> </em><em>Time</em><em> </em><em>÷</em><em> </em><em>100</em>

<em>=</em><em> </em><em>$</em><em>7000</em><em> </em><em>*</em><em> </em><em>8</em><em>%</em><em> </em><em>*</em><em> </em><em>0.75</em><em> </em><em>÷</em><em> </em><em>100</em>

<em>=</em><em> </em><em>$</em><em>420</em>

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