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Mathematics 10 Online
OpenStudy (anonymous):

How much simple interest is earned on $2500 at 2% interest for 9 months? Give your answer in dollars and cents. Simple Interest I = p • r • t

OpenStudy (anonymous):

@EclipsedStar @_alex_urena_ @KyanTheDoodle @pooja195

OpenStudy (anonymous):

i would think you would just substitute what you have into the formula. what is P? and r? and t?

OpenStudy (anonymous):

i have 0 clue how to plug in the number into the equation

OpenStudy (anonymous):

well P is the investment which is 2,500 and r is the interest rate which is .02 because you cant have a percent and the t is time in years but you have months so you divide 9/12 (the 12 is from how many months in years)

OpenStudy (anonymous):

ohh...well that was simple lol can you stick around to check my final answer please?

OpenStudy (anonymous):

sure Cx

OpenStudy (anonymous):

i got 37.5

OpenStudy (anonymous):

yeah same

OpenStudy (anonymous):

thankks for the help:)

OpenStudy (anonymous):

np Cx

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