Anhboy0312 Anhboy0312

22-02-2021
Mathematics

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Determine the simple interest when: principal: $890, interest rate: 4.25%, time: 2 year

Respuesta :

ADVENTUROUSBOY ADVENTUROUSBOY

22-02-2021

$75.65

explaination ::

principle (p) = $890

rate (r) = 4.25%

time (t) = 2 years

simple interest = (p × r × t)÷100

= (890 × 4.25 × 2)÷100

= $75.65

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