Question: Please show how you got your answer. A company borrows $1,500,000 from a bank for 150 days. If the bank charges interest at a rate

Please show how you got your answer.

A company borrows $1,500,000 from a bank for 150 days. If the bank charges interest at a rate of 7.75%, how much interest would the company owe the bank?

A company paid a bank interest of $52,000 for a $2,000,000 loan they had borrowed for 170 days. What is the interest rate the bank charged?

A company borrowed money from a bank which charged interest at a rate of 4.75%. If the loan was for 90 days and the company paid the bank $118.75 in interest, how much money did the company borrow?

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