Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute the simple interest. Assume 1 month to be 1/12 of a year. Round your answer to the nearest cent. Principal Rate Time Interest $3,600
Compute the simple interest. Assume 1 month to be 1/12 of a year. Round your answer to the nearest cent.
| Principal | Rate | Time | Interest |
| $3,600 | 14% | 27 months | $ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
