Question: Solve solution The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for

Solve solution The principal P is borrowed at a simple interest

Solve solution

The principal P is borrowed at a simple interest rate r for a period of time t. Find the simple interest owed for the use of the money. Assume there are 360 days in a year. P = $6000, r = 2.0%, t = 18 months

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