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Calculating Interest Using 360 days as the denominator, calculate interest for the following notes using the formula I = P R T. If required, round
Calculating Interest
Using 360 days as the denominator, calculate interest for the following notes using the formula I = P R T. If required, round your answers to the nearest cent.
| Principal | Rate | Time | Interest | |||
| $5,300 | 6.00% | 30 | days | $ | ||
| 1,000 | 7.50 | 60 | $ | |||
| 4,000 | 8.00 | 120 | $ | |||
| 950 | 6.80 | 95 | $ | |||
| 1,250 | 7.25 | 102 | $ | |||
| 2,200 | 7.00 | 90 | $ | |||
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