SOLUTION: Find the simple interest on a $700 loan for 45 days at a 15% rate of interest please.

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Question 457171: Find the simple interest on a $700 loan for 45 days at a 15% rate of interest please.
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
I=Prt
I=700*0.15*45/365
I=$12.95