Multiple Choice
For simple interest accounts the interest earned or due depends on the principal p, interest rate r, and the time t in years according to the formula I = prt. Find p given I = $50.14, r = 10.5%, and t = 6 months. Round your answer to the nearest dollar.
A) $955
B) $960
C) $965
D) $970
Correct Answer:
Verified
Correct Answer:
Verified
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