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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 237
Use the formula I = PRT , where I = interest in dollars, P = principal or loan amount, R = interest rate written as a decimal, and T = time in years.
STUDENT LOAN Joan Summers borrowed $5850 ( P ) from her brother to help pay for her last year in college. They agreed to an interest rate ( R ) of 3, and a final interest amount ( I ) of $702. Find the time.
STUDENT LOAN Joan Summers borrowed $5850 ( P ) from her brother to help pay for her last year in college. They agreed to an interest rate ( R ) of 3, and a final interest amount ( I ) of $702. Find the time.
Explanation
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Given, an interest of $702 was earned on...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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