Use I = Prt for Simple Interest to Find the Indicated

question 34

Multiple Choice

Use I = Prt for simple interest to find the indicated quantity.
-P = $3000; t = 90 days; I = $105. Find r. (Use 360 days in a year.)

• A) 3.5%
• B) 14.2%
• C) 9.7%
• D) 14.0%

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