SIMPLE INTEREST AND DISCOUNT - OpenStax CNX
SIMPLE INTEREST AND DISCOUNT. Do the following simple interest problems. 1) If an amount of $2,000 is borrowed at a simple interest rate of 10% for 3 years, how much is the interest? 2) You borrow $4,500 for six months at a simple interest rate of 8%. How much is the interest? 3) John borrows $2400 for 3 years at 9% simple interest. ................
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