Use the Simple Interest Formula to Determine the Missing Value

question 209

Multiple Choice

Use the simple interest formula to determine the missing value. Round dollar amounts to the nearest cent and percents to the nearest hundredth when necessary
-p = ?, r = 5%, t = 2 months, i = $127.65

• A) p = $153,180.00
• B) p = $15,956.25
• C) p = $459,540.00
• D) p = $15,318.00

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Definitions:

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, leading to more money leaving the country than coming in from foreign nations.

Net Outflow

The difference between the outflow of funds for foreign investments by citizens and the inflow of foreign funds for domestic investments.

Trade Surplus

A situation where a country's exports exceed its imports over a given time period, reflecting a positive balance of trade.

Domestic Investment

The total capital expenditure within a country on physical assets like buildings, machinery, and technology by individuals, businesses, and the government.