SOLUTION: Lynne needs to borrow $6250 for cosmetic surgery. She obtains a loan from her grandmother for 30 months at a simple interest rate of 8.8%. What is the loans future value?
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Question 1185277: Lynne needs to borrow $6250 for cosmetic surgery. She obtains a loan from her grandmother for 30 months at a simple interest rate of 8.8%. What is the loans future value? Answer by ikleyn(52770) (Show Source):
To see many other similar (and different) solved problems on simple interest accounts, look into the lesson
- Simple interest percentage problems
in this site.
