Question: For the following problem, use the formula I=PRT, where I is interest in dollars, P is the principal or loan amount, R is the interest
For the following problem, use the formula
I=PRT,
where I is interest in dollars, P is the principal or loan amount, R is the interest rate, and T is the time in years.Find the interest if principal of
$5000
is invested at
0.045
for
threeyears.
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