SOLUTION: Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr
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-> SOLUTION: Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr
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Question 224301
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Use the formula for simple interest, I = prt. Find p if I = $262.09, r = 4.3%, and t = 3 yr
Answer by
rfer(10417)
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I=Prt
P=I/rt
P=262.09/(.043*3)
P=262.09/.129
P=$2031.71
(