SOLUTION: Karen took out a 30,000, 90-day loan at an annual interest of 8.5%. Find the simple interest due on the loan using the ordinary method.

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Question 171468: Karen took out a 30,000, 90-day loan at an annual interest of 8.5%.
Find the simple interest due on the loan using the ordinary method.
Answer by Mathtut(3670) About Me  (Show Source):
You can put this solution on YOUR website!
30000(.085)(90/360)=interest due
:
highlight%28637.5%29dollars of interest