SOLUTION: Find the simple interest for each of the following loans; use the exact interest method. Principal $900, Rate 4%, Time 30 days, Interest?

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Question 1023294: Find the simple interest for each of the following loans; use the exact interest method.
Principal $900, Rate 4%, Time 30 days, Interest?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=900*0.04*30/365
I=$2.96