How much simple interest is earned on $2500 at 2% interest for 9 months?
Give your answer in dollars and cents.
I = p • r • t
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well P is the investment which is 2,500 and r is the interest rate which is .02 because you cant have a percent and the t is time in years but you have months so you divide 9/12 (the 12 is from how many months in years)
ohh...well that was simple lol can you stick around to check my final answer please?