SOLUTION: if i borrow $18000 for 90 days at a rate of 12% how much interest would i pay?

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Question 702080: if i borrow $18000 for 90 days at a rate of 12% how much interest would i pay?
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
If this is simple interest, then you would pay 18000*(0.12)*(90/365) = $532.60 in interest.