Using the simple interest formula, solve for the missing elements, rounding to the nearest penny: (a) interest

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Using the simple interest formula, solve for the missing elements, rounding to the nearest penny:

(a) interest is $8, rate is 12 percent, and time is 60 days;

(b) interest is $54, rate is 18 percent, and time is 18 months;

(c) principal is $2,100, interest is $510, and time is 2 years; and

(d) principal is $108, interest is $36, and time is 18 months.

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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Question Posted: Jun 12, 2024 10:11 AM

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Using the simple interest formula, solve for the missing elements, rounding to the nearest penny: (a) interest

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Managing Your Personal Finances

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