This Question: 1 pt 2 of 26
Use the formula for simple interest, I = Prt, to find the indicated quantity. Assume a 360 day year.
1 = $24; P = $1200; t = 90 days; r = ?
= 8% (Simplify your answer.)
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Noel is hoping to make a profit (in $) on the school play and has determined the function describing the profit to be f(t) = 8t – 2654, where t is the number of tickets sold. what does the number 8 tell you?