scottsummers scottsummers

06-04-2018
Mathematics

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Compute the amount of simple interest

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Brick123 Brick123

06-04-2018

So 5000 is the Principal while 8.5% (0.085) is rate and 1.5 is the time it'll take to pay it off.

So what you need to do is just multiply them all together.

So, the interest would be $637.50, so you were right before.

Hope this helps!

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