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The principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months *** The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.)

The principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months *** The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.)

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 37E
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1, 6.7.1 The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.) View an example Textbook
Transcribed Image Text:1, 6.7.1 The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for P = $8000, r = 7.5%, t = 6 months The simple interest owed for the use of the money is $ (Round to the nearest cent as needed.) View an example Textbook
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