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 :

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