Find the interest.Time in MonthsPrincipal$1850RateInterest5.5%3The interest is $(Round to the nearest cent.)

We know that the formula for simple interest is I = Prt P = principal amount, r = interest rate in…

Answered: Find the interest. Principal $1850 Rate…

Holt Mcdougal Larson Pre-algebra: Student Edition 2012

1st Edition

ISBN:9780547587776

Author:HOLT MCDOUGAL

Publisher:HOLT MCDOUGAL

Chapter7: Percents

Section7.7: Simple And Compound Interest

Problem 14E

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Find the interest. Principal $1850 Rate Time in Months Interest 5.5% 3 The interest is $ (Round to the nearest cent.)