Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

bioomi eid chemical company paid $40,000 in interest to settle a 6-month simple interest loan whose interest rate was 7.46% .how much did the company

bioomi eid chemical company paid $40,000 in interest to settle a 6-month simple interest loan whose interest rate was 7.46% .how much did the company borrow
image text in transcribed
Trisomield Chemical company paid $40.000 in interest to see a month simple interest loan whose interest rate was 7:46. How much did the company borrow $1,072 38607 $1,072,356066 51 072 386.17 51,072, 386.16

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

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

The 30 Minute Stock Trader

Authors: Laurens Bensdorp

1st Edition

1619615738, 978-1619615731

More Books

Students also viewed these Finance questions