SOLUTION: if i borrow $18000 for 90 days at a rate of 12% how much interest would i pay?
Algebra.Com
Question 702080: if i borrow $18000 for 90 days at a rate of 12% how much interest would i pay?
Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
If this is simple interest, then you would pay 18000*(0.12)*(90/365) = $532.60 in interest.
RELATED QUESTIONS
You want to borrow $4000 at 12% for only 90 days. How much interest would you... (answered by Boreal)
How much interest will I have to pay if I borrow $6000 at an annual rate of 13% for a... (answered by ikdeep)
if you borrow $675 for six years at an interest rate of 10%, how much interest will you... (answered by Alan3354)
If I borrow $10,000 at the interest rate of 3.99% for 5 years compounded monthly How much (answered by rfer)
If you borrow $6.65 for six years at an interest rate of 10%, how much
interest will you (answered by ikleyn)
James wants to buy a flat screen television for his new apartment. He has saved $700, but (answered by mathmate)
the money that tia borrowed at 1% interest was $500 less than three times the amount she... (answered by Theo)
If I borrow $1200 to buy an item and pay 8.7% of simple interest over a period of 6... (answered by stanbon)
A vendor borrowed 18000 from their cooperative. If the rate of interest was 12.5 percent... (answered by rfer)