Posted by Anonymous on Saturday, October 24, 2009 at 1:18pm.
interest - P* R * t /100
P = $7915
R = 9%
t = 9 months = 9/12 yrs = 0.75
I = 7915*9*0.75/100
I = PRT
= 7915x.09x9/12
= ...
The answer would be $534.26!? What confused me was the nine months, I wasn't sure how to compute that.
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