Question 1133910

A loan of $ 20,354 was repaid at the end of 7 months. What size repayment check​ (principal and​ interest) was​ written, if a 4.9 % annual rate of interest was​ charged?
The amount of the repayment check was
<pre>If simple interest, then: {{{highlight_green("$21,052.14")}}}