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what is the simple interest of $1500.00 for 4 months at 63/4% annual interest?

  • math -

    what is 1500(.0675)(4/12) ?

  • math -

    2.25%

  • math -

    A quick question for Reiny, how did you calculate 63/4%, if you could explian in detial, I would highly appreciate it.
    Thank you,
    Fawad

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