nd the simple interest. incipal Rate Time in Months 1000 8% 3 The simple interest is $ (Round to the nearest cent as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 26E
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Find the simple interest.
Principal Rate Time in Months
$4000 8%
3
The simple interest is $
(Round to the nearest cent as needed.)
Transcribed Image Text:Find the simple interest. Principal Rate Time in Months $4000 8% 3 The simple interest is $ (Round to the nearest cent as needed.)
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