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Justin obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 3.6%. His loan is for $15,600
Justin obtains a loan for home renovations from a bank that charges simple interest at an annual rate of 3.6%. His loan is for $15,600 for 99 days. Assume 1 each day is of a year. Answer each part below. 365 Do not round any intermediate computations, and round your nal answers to the nearest cent. If necessary, refer to the list of financial formulas. (a) Find the interest that will be owed after 99 days. $1] (b) Assuming Justin doesn't make any payments, find the amount owed after 99 days. $1]
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