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Find the interest due on a simple interest note having a face value of $500. The interest rate is 9% and the time is 6 months.
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
the r in the simple interest formula stands for
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual certificate of deposit (CD) upon which the bank agrees to pay him 2% interest. What is the r?
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
The I in the simple interest formula stands for...
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual certificate of deposit (CD) upon which the bank agrees to pay him 2% interest. What is the I?
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
What is the interest earned on $6500 at 8% simple interest for 9 months?
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
Find the interest. Round to the nearest cent. $1280 at 12% for 9 months
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
Michael is saving money to buy a car. He takes $8,000 to the bank and opens an annual certificate of deposit (CD) upon which the bank agrees to pay him 2% interest. What is the p?
$8,000
Interest earned in dollars
$160
$390
$115.20
0.02
Interest rate in decimal form.
$45.00
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