Question
Asked Sep 2, 2019
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p=559.04,r = 5.2%, t= 67 days

the simple interest rounded to the nearest cent if needed

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Expert Answer

Step 1

Obtain the simple interest for the given details as follows.

r = 5....

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Use the following formula to find the simple interest t is the time in years pr is the rate of interest i= 100 p is the principal amount 67 years 0.18 years 365 Here 67 days = r = 5.2% p = 559.04

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