Owen lent Hua $5000 at 5% p.a. simple interest for 1.5 years. Calculate the amount of interest

Question:

Owen lent Hua $5000 at 5% p.a. simple interest for 1.5 years. Calculate the amount of interest charged at the end of the term.

AppendixLO1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Mathematics Of Business And Finance

ISBN: 9781927737545

4th Edition

Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans

Question Posted: