​Compute the Simple Interest

question 47

Short Answer

​Compute the simple interest. If the time is given in months, let one month be 1/12 of a year. Round answers to the nearest cent.
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Definitions:

Georgia

A state located in the southeastern region of the United States, known for its diverse landscapes from beaches to mountains, and its pivotal role in both the Civil War and the Civil Rights Movement.

Racial Demographics

The statistical analysis and distribution of humans based on race, often used in studies related to population trends, social sciences, and healthcare.

South Carolina

A state in the southeastern United States, known for its historic significance and diverse geography from beaches to mountains.

Caribbean

A geographical region consisting of the Caribbean Sea, its islands (including the West Indies), and the surrounding coasts.