a. Find the simple interest due on $4000 loaned for 4 months with a 12% interest rate.

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b. Find the simple interest due on $6500 loaned for 3 months with a 20% interest rate.

c. Calculate the total amount in an account if $5500 is compounded annually at 12% for 15 years.

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Prealgebra

ISBN: 978-0321955043

7th edition

Authors: Elayn Martin Gay

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Question Posted: Feb 12, 2018 03:11 AM

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a. Find the simple interest due on $4000 loaned for 4 months with a 12% interest rate.

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a I PRT 400012412 400001213 160 The simple interest is 160 ...View the full answer

Prealgebra

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