Jocelyn901 Jocelyn901

30-09-2021
Mathematics

contestada

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. P = $4000, r = 7%, t = 6 years

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cdj8498 cdj8498

30-09-2021

Answer:

1680

Step-by-step explanation:

( 4000 × 7 × 6 ) / 100

simple interest = ( principal × rate × time ) / 100

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