We determined R = 0.0825 and T = 9/15 The amount of the

Last updated: 7/18/2022

We determined R = 0.0825 and T = 9/15 The amount of the loan, the principal, was $70,000, giving P = Substitute these values into the formula to find the amount of interest earned (in $) at 8 1/4 % for 9 months. I = PRT