Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.Find the principal of a loan at 6.2% if the simple interest after 5 years 6 months is $3069. 2. Question Part Points Submissions Used

1.Find the principal of a loan at 6.2% if the simple interest after 5 years 6 months is $3069.

2. Question Part Points Submissions Used Find the term of a loan of $600 at 4.5% if the simple interest is $54. yr

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

Briefly summarize how a network is drawn.

Answered: 1 week ago

Question

Why is it important to track an IMC campaign?

Answered: 1 week ago