SOLUTION: You want to borrow $4000 at 12% for only 90 days. How much interest would you pay?

SOLUTION: You want to borrow $4000 at 12% for only 90 days. How much interest would you pay?

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Question 1131123: You want to borrow $4000 at 12% for only 90 days. How much interest would you pay?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
this is 1/4 of a year
Interest=prt=4000*.12*.25=$120
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