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Determine the missing value by using simple interest

P= R= 2% T=90days i=$12.50

  • Math -

    I = PRT

    P = I/RT

    P = 12.5/(0.02 * 0.25)

    P = ?

  • Math -

    P= 156.25

  • Math -

    No. Calculate the numbers within the parentheses first.

    P = 12.5/ 0.005
    P = $2,500

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