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Concept explainers
To find: Simple interest.
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Answer to Problem 14IP
Simple interest
Explanation of Solution
Given information:
Principal amount
Time
Interest percent
Concept:
Where
Calculation:
From given information
Principal amount
Time
We know
Using that
We get
Time
Interest percent
We know
Annual interest rate
On substituting values in above mentioned concept
We get
Therefore,
Simple interest
Chapter 6 Solutions
Glencoe Math Accelerated, Student Edition
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