Question: Question 4. Help {I The principal P = $800 is borrowed at simple interest rate r= 6.75% for a period of time t=4 months. Find
Question 4. Help

{I The principal P = $800 is borrowed at simple interest rate r= 6.75% for a period of time t=4 months. Find the simple interest owed for the use of the moneyr Assume 360 days in a year and round to the nearest cent. 0 A. $210.00 0 B. $13.00 0 C. $8.75 0 D. $19.64
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
