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OpenStudy (anonymous):
Find the interest on $1000 at 18% annual interest for 8 months
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OpenStudy (anonymous):
you want to calculate SIMPLE INTEREST, right??
OpenStudy (anonymous):
yes please.
OpenStudy (anonymous):
8 8 months = ----- yr 12 8 1440 simple interest = P x T x R = 1000 * ----- * 0.18 = ------- = $120 12 12
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