document.write( "Question 553312: Leroy invests $9,500 at 16% simple interest. About how much interest will he earn in 8 months? \n" ); document.write( "
Algebra.Com's Answer #360818 by MathTherapy(10555) You can put this solution on YOUR website! \r \n" ); document.write( "\n" ); document.write( "Leroy invests $9,500 at 16% simple interest. About how much interest will he earn in 8 months?\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Simple interest = Principal * time * rate\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "OR\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "SI = PTR, where P = 9,500, T = 8/12, and R = .16\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Therefore, SI = \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "SI, or simple interest = $ \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Send comments and “thank-yous” to “D” at MathMadEzy@aol.com \n" ); document.write( " |