SOLUTION: Karen took out a 30,000, 90-day loan at an annual interest of 8.5%.
Find the simple interest due on the loan using the ordinary method.
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Question 171468: Karen took out a 30,000, 90-day loan at an annual interest of 8.5%.
Find the simple interest due on the loan using the ordinary method.
Answer by Mathtut(3670) (Show Source): You can put this solution on YOUR website!
30000(.085)(90/360)=interest due
:
dollars of interest
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