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OpenStudy (anonymous):
What is the total amount due for a loan of $824 at an interest rate of 7.5% for 9mths. I need the formula using I=P R T. can someone help me please.
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OpenStudy (anonymous):
given p= 824, r= 7.5% t = 9/12 I= 824 x 7.5/100 x 9/12 I= 46.35
OpenStudy (anonymous):
Is it simple interest or compound interest??
OpenStudy (anonymous):
i believe simple
OpenStudy (anonymous):
Ok, then reckkimini's ans is correct, u can use it
OpenStudy (anonymous):
well think you for double checking I really do appreciate it.
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OpenStudy (anonymous):
welcome, all credit to reckkimini...
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