SOLUTION: 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 there are 360 days in a year.
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Question 1176304: 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 there are 360 days in a year.
P = $9000, r = 9.0%, t = 6 months Answer by ikleyn(52780) (Show Source):
