scottsummers
scottsummers
06-04-2018
Mathematics
contestada
Compute the amount of simple interest
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Brick123
Brick123
06-04-2018
So 5000 is the Principal while 8.5% (0.085) is rate and 1.5 is the time it'll take to pay it off.
So what you need to do is just multiply them all together.
So, the interest would be $637.50, so you were right before.
Hope this helps!
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