Question: We determined R = 0.0825 and 7 = 12 The amount of the loan, the principal, was $70,000, giving P= Substitute these values into

We determined R = 0.0825 and 7 = 12 The amount of

We determined R = 0.0825 and 7 = 12 The amount of the loan, the principal, was $70,000, giving P= Substitute these values into the formula to find the amount of interest earned (in $) at 81% for 9 months. I = PRT === = $ 9 x 0.0825 x 12

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