SOLUTION: What is the interest on principle of $2,400, borrowed at 13.75% rate, for 5 months?

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Question 1012375: What is the interest on principle of $2,400, borrowed at 13.75% rate, for 5 months?
Answer by fractalier(6550) About Me  (Show Source):
You can put this solution on YOUR website!
I = prt = ($2400)(.1375)(5/12) = $137.50