rayanasmith rayanasmith

24-04-2020
Mathematics

contestada

Find the simple interest paid to the nearest cent for: "Principal: $85, rate: 4.5%, time: 3 years" *

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Аноним Аноним

24-04-2020

simple interest = PRT/100
where p = principal, r = rate and t = time

85x4.5x3 / 100
= 11.475
≈ 11.50 ( nearest cent )

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