Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

MY NOTES ASK YOUR TEACHER Jami's Home Repair borrows $6.000 13.75% interest, for 330 days. Use the exact interest method to find the amount of

image text in transcribed
MY NOTES ASK YOUR TEACHER Jami's Home Repair borrows $6.000 13.75% interest, for 330 days. Use the exact interest method to find the amount of interest that the bank will collect Round to the nearest cant) $600.00 5640.00 $745.89 $3,200.00 6. DETAILS BRECMBC9 10.11. TB.009. MY NOTES AIK YOUR TEACHER Suppose that you took out a loan a 10% rest for 282 days. If the amount of interest was $927.12. use the exact interest method to find the amount of principal you borrowed (Round to the nearest whole dollar $9,271 $11.102 $12.000 $14,000 7 DETAILS BRECMBC9 10.11. TB.014. MY NOTES ASK YOUR TEACHER What is the rate of interest on a loan of $2,000, for 282 days, if the amount of interest is $1.39.07, using the act interest method (Round your answer to the nearest terth percent.) 07.04

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_2

Step: 3

blur-text-image_3

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

Finance Applications And Theory

Authors: Marcia Cornett, Troy Adair, John Nofsinger

1st Edition

0073382256, 9780073382258

More Books

Students also viewed these Finance questions