Question: PLEASE ANSWER ASAPUse the formula for simple interest, I=Prt, to find the indicated quantity. Assume a 360 day year. I=36$; P=1200$; t=180 days; r=?

PLEASE ANSWER ASAPUse the formula for simple interest, I=Prt, to find the indicated quantity. Assume a 360 day year. I=36$; P=1200$; t=180 days; r=?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!