Find the interest due on $1,200 at 8% for 240 days. (remember that for bank interest purposes, a year is considered to have 360 days.)

 Interest is due is $64.

Step-by-step explanation:

Since we have give that

Principal = $1200

Rate of interest = 8%

Number of days = 240

As we know the formula for "Simple Interest":

Hence, Interest is due is $64.

what is the question?

step-by-step explanation:

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step-by-step explanation:

we need to solve for 'x' the following equation:  

we have that:

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factorizing, we get that:

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then, the solutions are: or

nothing extraneous has been found!