The principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months *** The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.)

Trigonometry (11th Edition)
11th Edition
ISBN:9780134217437
Author:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Publisher:Margaret L. Lial, John Hornsby, David I. Schneider, Callie Daniels
Chapter1: Trigonometric Functions
Section: Chapter Questions
Problem 1RE: 1. Give the measures of the complement and the supplement of an angle measuring 35°.
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1, 6.7.1
The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for
P = $8000, r = 7.5%, t = 6 months
The simple interest owed for the use of the money is $
(Round to the nearest cent as needed.)
View an example Textbook
Transcribed Image Text:1, 6.7.1 The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.) View an example Textbook
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