Math

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Find the simple interest for the indicated length of time. $7915 at 9% interest for 9 months?

  • Math -

    interest - P* R * t /100

    P = $7915

    R = 9%

    t = 9 months = 9/12 yrs = 0.75

    I = 7915*9*0.75/100

  • Math -

    I = PRT
    = 7915x.09x9/12
    = ...

  • Math -

    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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