Question: 1. Find the simple interest due on $4000 loaned for 4 months with a 12% interest rate. 2. Find the simple interest due on $6500
1. Find the simple interest due on $4000 loaned for 4 months with a 12% interest rate.
2. Find the simple interest due on $6500 loaned for 3 months with a 20% interest rate.
3. Find the total amount in an account if $5500 is compounded annually at 12% for 15 years.
Step by Step Solution
3.47 Rating (163 Votes )
There are 3 Steps involved in it
1 I PRT 400012412 400001213 160 The simple in... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1384-M-C-I(1725).docx
120 KBs Word File
