rageofangels72 rageofangels72
  • 13-03-2021
  • Mathematics
contestada

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a year. P=$11,500.00 R=10% T=60 days​

Respuesta :

irspow
irspow irspow
  • 13-03-2021

Answer:

Step-by-step explanation:

Simple interest is

I=Prt

I=11500(0.10)(60/360)

I=$191.67

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