Ask Question
Yesterday, 23:26

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year and round answers to the nearest cent.

P=$180, r=3%, t = 2 years

+3
Answers (1)
  1. Today, 02:28
    0
    Y = (180 (1+.03) ^2) - 180
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers