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OpenStudy (cicilybailey14):
HELP Find the simple interest for each of the following. Round to the nearest cent. $7,064 at 6.5% for 8 months $306.11 $3,673.28 $3,061.07 $367.33
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OpenStudy (cicilybailey14):
@pooja195
OpenStudy (phi):
do you know the formula for simple interest?
OpenStudy (cicilybailey14):
Uhm I=pXrXt
OpenStudy (cicilybailey14):
@phi
OpenStudy (phi):
yes. but I would leave out the multiply signs (too confusing) I = p r t to use this, you want to find the number for p (the principal , the amount borrowed) also the rate "r" and the time "t" (in years) can you find those numbers?
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