Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Blake lent $2,080 at a simple interest rate of 2.50% p.a. to her friend on July 10, 2013. Calculate the amount of interest Blake's friend

Blake lent $2,080 at a simple interest rate of 2.50% p.a. to her friend on July 10, 2013. Calculate the amount of interest Blake's friend had to pay on March 08, 2014.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions