Question

Use I=prt for simple interest to find the Indicated quantity p=$22660; r=13%;2.4yrs.find I

Answer 1

The answer is 7,069.92. You can get this by substituting the known values into the given equation, or I = 22660*13%*2.4. Then, multiply. Make sure to convert 13% to a decimal by moving the decimal point 2 places to the left, which will give you 0.13.