SOLUTION: Complete the following. Assume 360 days Principal $750, Rate(nearest tenth percent) 12.2%, Time(nearest day)?, Simple interest $19.06

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Question 1023438: Complete the following. Assume 360 days
Principal $750, Rate(nearest tenth percent) 12.2%, Time(nearest day)?, Simple interest $19.06
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
Complete the following. Assume 360 days
Principal $750, Rate(nearest tenth percent) 12.2%, Time(nearest day)?, Simple interest $19.06
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Interest = P*r*t
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19.06 = 750*0.122*t
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t = 19.06/(750*0.122)
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time = 0.2083 years = 75 deys
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Cheers,
Stan H.
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