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anonymous

  • one year ago

How much simple interest is earned on $2500 at 2% interest for 9 months? Give your answer in dollars and cents. Simple Interest I = p • r • t

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  1. anonymous
    • one year ago
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    @EclipsedStar @_alex_urena_ @KyanTheDoodle @pooja195

  2. anonymous
    • one year ago
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    i would think you would just substitute what you have into the formula. what is P? and r? and t?

  3. anonymous
    • one year ago
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    i have 0 clue how to plug in the number into the equation

  4. anonymous
    • one year ago
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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)

  5. anonymous
    • one year ago
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    ohh...well that was simple lol can you stick around to check my final answer please?

  6. anonymous
    • one year ago
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    sure Cx

  7. anonymous
    • one year ago
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    i got 37.5

  8. anonymous
    • one year ago
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    yeah same

  9. anonymous
    • one year ago
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    thankks for the help:)

  10. anonymous
    • one year ago
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    np Cx

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