Find the simple interest earned on $500 invested at 10% for 8 months

Kenneth S. answered • 04/09/18

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Expert Help in Algebra/Trig/(Pre)calculus to Guarantee Success in 2018

There's a formula for this; I = prt and in this case p=500, t=8/12=2/3(fractional year), r = 0.10 (decimal interest rate).

PLUG THESE VALUES IN!!

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