SOLUTION: $23,000 at 6% for 180 days (use ordinary interest method for this simple interest problem)

SOLUTION: $23,000 at 6% for 180 days (use ordinary interest method for this simple interest problem)

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Question 927688: $23,000 at 6% for 180 days (use ordinary interest method for this simple interest problem)
Answer by srinivas.g(540) (Show Source): You can put this solution on YOUR website!
Principal amount (p)= $ 23,000
Rate (r)= 6 %
Time = 180 days = 6 months =0.5 years
Simple interest (SI)=
=
=
=
SI = $ 690
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