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kirill115 [55]
3 years ago
8

Using the formula for simple interest and the given values, find I. P= $300; r = 8%; t= 6 years; I = ? 1=$0 TrueCar Enter your a

nswer in the answer box. Prerequisite Skills Test for Finite Mathematics noncer of the heart bypass. Learn more Customize Getting Ready for Finite Mathematics Test A
Mathematics
1 answer:
Mashutka [201]3 years ago
6 0

Answer: $144

Step-by-step explanation:

The formula to calculate the simple interest is given by :-

\text{S.I.}=Prt

Here, P - Principal amount, r - rate of interest and t is time (Generally in years).

Given :  P= $300; r = 8%=0.08 ; t= 6 years

Now, the using the above simple interest formula , we have

\text{I}=300\times0.08\times6\\\\\Rightarrow\ \text{I}=\$\ 144

Therefore , the simple interest = $ 144.

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