mariahc90041 mariahc90041
  • 19-06-2024
  • Business
Answered

The principal P=$6000 is borrowed at simple interest rate r=5% for a period of time t=1 year. Find the simple interest owed for the use of the money. Assume 360 days in a year and round to the nearest cent.
A. $50.00
B. $1200.00
C. $300.00
D. $63.16



Answer :

Other Questions

do you know 3 prime numbers that equal 32
Can water and pebbles form a solution?
Mr. Jacob is 55 years old and tony is 7 years old. in how many years will mr. Jacobs be 4 times as old as Tony
50 is 40% of what number?
Why did the Virginia Company give settlers the right to self-government?
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital c
The cost of 5 similar digital cameras and 3 similar video cameras is 3213. Each video camera costs 4 times as much as each digital camera. John buys a digital c
50 is 40% of what number?
do you know 3 prime numbers that equal 32
do you know 3 prime numbers that equal 32