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9. Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was $677.26, use the exact interest
9. Suppose that you took out a loan at 12% interest for 200 days. If the amount of interest was $677.26, use the exact interest method to find the amount of principal you borrowed. (Round to the nearest whole dollar amount.)
$45. $4,453 $10,156. $10,300
10. Use the ordinary interest method to compute the time (in days) for the loan. Round your answer up to the next highest day when necessary.
Principal | Rate (%) | Time | Interest |
---|---|---|---|
$7,200 | 10.4 | ________ days | $222 |
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