# In Problem use formula (1) for simple interest to find each of the indicated quantities. I =

## Question:

In Problem use formula (1) for simple interest to find each of the indicated quantities.

I = $60; P = $2,400; r = 5%; t = ?

**Formula 1**

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## Step by Step Answer:

**Related Book For**

## Finite Mathematics For Business Economics Life Sciences And Social Sciences

**ISBN:** 9780134862620

14th Edition

**Authors:** Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker