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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?
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
What was the interest rate on a note with a principal of $800 and a time of 3 months if the interest was $18?
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
How long will it take $1,600 to earn $64 interest at an 8% interest rate?
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
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 t?
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
The t in the simple interest formula stands for...
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
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.
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
What is the interest earned on $6500 at 8% simple interest for 9 months?
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
The I in the simple interest formula stands for...
1
Interest earned in dollars
Time in years
6 months
$45.00
9%
$390
$8,000
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