Simple interest
= Principal x Rate/100 x Time / 12
a)
Interest = $100,000 x 10 / 100 x 6 / 12
= $100,000 x 0.10 x 0.50
= $5,000
b)
$3,000 = $50,000 x Rate / 100 x 9 / 12
So, $3,000 = $50,000 x0.01 x Rate x 0.75
So, Rate = $3,000 / 375
= 8%
c)
$4,000 = Principal x 10 / 100 x 12 / 12
So, Principal x 0.10 x 1 = $4,000
So, Principal = $4,000 / 0.10
= $40,000
5 Complete the following table by computing the missing amounts for the following independent cases. Principal...
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