Principal $8 Rate 6% Time in Months 9. What is the simple interest?

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Please explain

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  • Principal Time (Months) Interest

    1 12 6

    8 9 ?

    Your answer is 6*9*8/(1*12) = $36

  • but to answer 8 x .06 x 9—you turn 9 into a fraction over 12 because its in months, not years

    so 9/12 = 3/4 reduced which is .75 as a decimal

    so 8 x .06 x .75 = 36 bucks

    i think im right

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