document.write( "Question 22213: A store borrows $3900 at 14% for 90 days. Find the amount of interest due and the totl amount that must be paid after 90 days. \n" ); document.write( "
Algebra.Com's Answer #10797 by wuwei96815(245) ![]() You can put this solution on YOUR website! 14% of $3900 = 0.14 x 3900 = $546\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "However, one must assume that the 14% is an annual rate, but the problem specifies only 90 days. \n" ); document.write( "90 days is approximately 1/4 of a year. \n" ); document.write( "1/4 of 546 = $136.50 interest due.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "After 90 days 3900 + 136.50 = $4,036.50 must be paid. \n" ); document.write( " |