document.write( "Question 1174628: The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year.
\n" ); document.write( "P = $230, r = 3%, t = 2 years \n" ); document.write( "

Algebra.Com's Answer #800055 by ikleyn(52786) $\"\"$ $\"About$

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document.write( "Simple interest  I = P*r*t = 230*0.03*2  dollars.\r\n" );
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document.write( "The number of days (360) is not relevant to the solution of the given problem.\r\n" );
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\n" ); document.write( "\n" ); document.write( "On simple interest problems, see the lesson\r
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