SOLUTION: Leroy invests $9,500 at 16% simple interest. About how much interest will he earn in 8 months?

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Question 520514: Leroy invests $9,500 at 16% simple interest. About how much interest will he earn in 8 months?
Answer by mananth(12270) About Me  (Show Source):
You can put this solution on YOUR website!
I= p*r*t
p=9500
r=16
t=3/4
I=9500*0.16*3/4
I=9500*0.12
I=$1140