SOLUTION: $600 is borrowed at an interest rate of 1.4% per month. Find the interest for a 30 month period.
$_____
---is it $18000???
thank u very much
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Question 40402: $600 is borrowed at an interest rate of 1.4% per month. Find the interest for a 30 month period.
$_____
---is it $18000???
thank u very much
Answer by fazlerabbi(9) (Show Source): You can put this solution on YOUR website!
principle amount p = 600
interest rate r = 1.4% = 0.014
time t = 30
So total interest after 30 months = p*r*t
= 600 * 0.014 * 30
= 252 dollars. Ans.
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