Question
Using the simple interest formula I=Prt, compute the amount of interest earned on $384.00 at 8.29% p.a. from February 25, 2006 to March 17, 2006.
Using the simple interest formula I=Prt, compute the amount of interest earned on $384.00 at 8.29% p.a. from February 25, 2006 to March 17, 2006.
The interest earned was $____
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
Concise 6th Edition
324664559, 978-0324664553
