Mathematics, 25.03.2021 19:50 mashejaj

The principal P is borrowed at 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 and round answer to the nearest cent.
9) P = $7900
r = 4.5%
t = 14 months
A) $4977.00
B) $452.45
C) $414.75
D) $8314.75

Answers: 1

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The principal P is borrowed at simple interest rate r for a period of time t. Find the simple intere...

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