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

Algebra ->  Equations -> SOLUTION: You want to borrow $4000 at 12% for only 90 days. How much interest would you pay?      Log On


   

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