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17 August, 13:03

Calculate the amount of interest on $1200.00 for 9 months at 5 % annual interest.

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  1. 17 August, 14:01
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    First you have to convert the 9 months into years which is 9/12. Interest = (PRT) / 100 = (1200*5*9/12) / 100 = $45
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