Mathematics, 31.10.2020 02:20 heastonk9136

The principal P is borrow ar the 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 and round answer in the nearest cent. 1. P=$2000
R=7%
T=1 year

2. P=$110
R=5%
T=2 year

3. P=400
R=7%
T=2 months

4. P=$15500
R=7%
T=120 days

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The principal P is borrow ar the 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 and round answer in the nearest cent. 1. P=$2000 R=7% T=1 year2. P=$110 R=5% T=2 year3. P=400 R=7% T=2 months 4. P=$15500 R=7% T=120 days

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