Question: Solve the problem. Round money to the nearest cent, if necessary, rates to the nearest whole percent, and time to the nearest month. If the

Solve the problem. Round money to the nearest cent, if necessary, rates to the nearest whole percent, and time to the nearest month. If the total interest paid on a loan for 18 months at 8% was $180, what was the principal? 4 O $750 O $2250 O $1500 O $1366.67 Find principal to the nearest dollar, rate to the nearest tenth of a percent, or time to the nearest day. Use banker's interest. ABF Freight Systems earned $113.33 interest in 60 days from an investment that paid 4%. Find the amount initially invested. O $2833 O $172,356 $8500 O $17,000
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
