SOLUTION: If R4000 is borrowed for 39 weeks at an annual interest rate of 15% , how much interest is due at the end of 39 weeks

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Question 1073346: If R4000 is borrowed for 39 weeks at an annual interest rate of 15% , how much interest is due at the end of 39 weeks
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Assuming the interest is annual interest:
+I+=+P%2Ar%2At+
+I+=+4000%2A.15%2A%28+39%2F52+%29+
+I+=+4000%2A.15%2A.75+
+I+=+450+
R 450 interest is earned