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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 (anonymous):
$26.68 = p[(.045/360 days)10days] So p=$21,344
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