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DedPeter [7]
3 years ago
12

The principal P is borrowd 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. P=$160, r=5%, t=2years
Mathematics
1 answer:
Lemur [1.5K]3 years ago
5 0

i = prt
i = 160 \times .05 \times 2
i = 16
hope this helps
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