Use I = Prt for Simple Interest to Find the Indicated

question 82

Multiple Choice

Use I = Prt for simple interest to find the indicated quantity.
-P = $22,660; r = 13%; 2.4 years. Find I.

• A) $15,590.08
• B) $7069.92
• C) $29,729.92
• D) $2945.80

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Definitions:

Fertile

Capable of producing abundant vegetation or offspring, often used in the context of soil quality or the reproductive potential of living organisms.

Trobrianders

An indigenous Melanesian people living on the Trobriand Islands in Papua New Guinea, known for their unique social structure and cultural practices.

Marry

The act of joining two people together in a legal or ceremonial relationship.

Young Man's House

A communal living space or institution in certain cultures where young, unmarried men reside as part of their transition into adulthood.