SOLUTION: A restaurant borrows 13,900 from a local bank for 11 months. The local bank charges simple interest at an annual rate of 7.3% for this loan. Assume each month is 1/12 of a year. An

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A restaurant borrows 13,900 from a local bank for 11 months. The local bank charges simple interest at an annual rate of 7.3% for this loan. Assume each month is 1/12 of a year. An      Log On


   

Question 1168191: A restaurant borrows 13,900 from a local bank for 11 months. The local bank charges simple interest at an annual rate of 7.3% for this loan. Assume each month is 1/12 of a year. Answer each part below.
Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas.
Answer by ikleyn(53942) About Me  (Show Source):
You can put this solution on YOUR website!
.

I don't know if you noticed or not that your post goes with no question.

So, it actually makes no any sense,

but in any case, thank you for posting so interesting and intriguing story.


Have a nice day (!)