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OpenStudy (anonymous):
Use the simple interest formula to find the missing value. Rates are annual rates. Assume 360 days per year and 30 days per month. p = ?, r = 4.5%, t = 10 days, i = $26.68 A. p = $21,344.00 B. p = $711.47 C. p = $7114.67 D. p = $21,670.09
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OpenStudy (experimentx):
use r=4.5/360 I = P((1+r/100)^10 - 1)
OpenStudy (experimentx):
use the above relation
OpenStudy (anonymous):
A. p = $21,344.00
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