document.write( "Question 1155532: Hector Elizondo took out a 65-day loan of $7500 at an annual interest rate of 5.5%. Find the simple interest due on the loan. (Round your answer to the nearest cent.) \n" ); document.write( "
Algebra.Com's Answer #853786 by ikleyn(53742) You can put this solution on YOUR website! . \n" ); document.write( "Hector Elizondo took out a 65-day loan of $7500 at an annual interest rate of 5.5%. \n" ); document.write( "Find the simple interest due on the loan. (Round your answer to the nearest cent.) \n" ); document.write( "~~~~~~~~~~~~~~~~~~~~~~~\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " The assignment requires the answer to the nearest cent.\r \n" ); document.write( "\n" ); document.write( " @mananth failed this request.\r \n" ); document.write( "\n" ); document.write( " See my correct calculations below.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Interest = P * R *T\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "convert days to years = 65/365\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "Interest = 7500 * 0.055 * (65/365)\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "= $73.46 to the nearest cent. ANSWER\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, @mananth either does not read the assignment to the end, or his code makes rounding \n" ); document.write( "based on its own rules that @mananth does not control to the end - and then @mananth does not read/look at the output of his code.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |