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24 January, 17:23

Compute the amount of interest earned in the following simple interest problem.

A deposit of $1,600 at 6% for 180 days:

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Answers (2)
  1. 24 January, 19:17
    0
    I=PRT

    I=interest

    P=principal

    R=rate in decimal

    T=time in yaers

    365 days per year

    t=180/365

    given

    P=1600

    R=6%=0.06

    T=180/365

    I=1600*0.06*180/365

    I=96*180/365

    I=47.342

    rounds to

    Interst=$47.34
  2. 24 January, 19:26
    0
    With 6% is 1,696. for 180 days, $305,280
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