Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the interest on the following loan. $10000 at 8% for 9 months The simple interest is _____ (Round to the nearest cent as needed.)

Find the interest on the following loan. $10000 at 8% for 9 months

The simple interest is _____

(Round to the nearest cent as needed.)

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

Investment Analysis And Portfolio Management

Authors: Frank K. Reilly, Keith C. Brown

9th Edition

0324656122, 978-0324656121

More Books

Students also viewed these Finance questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago

Question

Explain the factors influencing wage and salary administration.

Answered: 1 week ago

Question

Discuss the effectiveness of a national infrastructure for HRD

Answered: 1 week ago