Calculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent. $215.75 $218.75 $15,215.75 $15,218.75 $78,750.00
Calculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent. $215.75 $218.75 $15,215.75 $15,218.75 $78,750.00
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
Calculate the simple interest earned when P = $15,000, r = 7.5%, and t = 70 days using the ordinary method. Round to the nearest cent.
$215.75 |
||
$218.75 |
||
$15,215.75 |
||
$15,218.75 |
||
$78,750.00 |
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