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To find:The simple interest
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Answer to Problem 36SR
The simple interest is
Explanation of Solution
Given:
Formula Used:
The simple interest is calculated as
Calculation:
Consider the principal amount is
The objective is to find the simple interest earned on the principal amount.
The simple interest l is
Here, p is the principal amount, R rate of interest and T is the time.
Substitute
Conclusion:Therefore, the simple interest on the given principal is
Chapter 12 Solutions
Pre-Algebra, Student Edition
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