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5 July, 09:42

P=$300

R=7%

T=2

What is I?

A. $4.20

B. $42.00

C. $420.00

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Answers (1)
  1. 5 July, 09:44
    0
    The simple interest formula is presented as I = PxRxT where I is the interest, P is the principal amount, R is the rate and T is the time.

    I = PxRxT

    I = $300x. 07x2

    I = $42
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