In 18, the principal P is borrowed at simple interest rate r for a period of time t
Chapter 8, Problem 4(choose chapter or problem)
In Exercises 1 - 8, 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 360 days in a year.
P = $260, r = 4%, t = 3 years
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