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The principal P is borrowed at a simple interest rater for a period of time t. Find the simple interest owed for the use of the money. Assume 360 days in a yearP = $200, r = 2%, t = 2 yearsneeded

Respuesta :

we have the following:

[tex]\begin{gathered} A=P\cdot(1+rt) \\ A=200\cdot(1+0.02\cdot2) \\ A=200\cdot(1.04) \\ A=208 \end{gathered}[/tex]

therefore, the answer is 208$

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