SOLUTION: how to get the simple interest if 5000 is invested at 9% for 9 monthes
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Question 916863
:
how to get the simple interest if 5000 is invested at 9% for 9 monthes
Answer by
jim_thompson5910(35256)
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I = P*r*t
I = 5000*0.09*(9/12)
I = 337.5
The simple interest is $337.50