menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Finite Mathematics for Business Economics
  4. Exam
    Exam 3: Mathematics of Finance
  5. Question
    Use I = Prt for Simple Interest to Find the Indicated
Solved

Use I = Prt for Simple Interest to Find the Indicated

Question 48

Question 48

Multiple Choice

Use I = Prt for simple interest to find the indicated quantity:
-P = $22,660; r = 13%; 2.4 years. Find I.


A) $2945.80
B) $15,590.08
C) $7069.92
D) $29,729.92

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q43: The rabbit population in a forest area

Q44: Solve the problem. Assume that simple interest

Q45: Use I = Prt for simple interest

Q46: Samantha's savings account has a balance of

Q47: Use the average daily balance method to

Q49: Find the periodic payment that will render

Q50: Use the future value formula to find

Q51: Find the future value of the ordinary

Q52: What is the annual percentage yield (APY)

Q53: Find the compound interest earned. Round to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines