SOLUTION: An amount of $2900 is borrowed for 6 months at an annual interest rate of 5.00%. Find the simple interest that is owed.

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Question 1005204: An amount of $2900 is borrowed for 6 months at an annual interest rate of 5.00%. Find the simple interest that is owed.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=2900*0.05*0.5
I=$72.50