Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On 3 November 2001 Jenny borrows $500 at 9% p.a. simple interest. The debt is repaid on 8 February 2002. Find: a) The amount total

On 3 November 2001 Jenny borrows $500 at 9% p.a. simple interest. The debt is repaid on 8 February 2002. Find:

a) The amount total amount repaid.

b) The total interest.

please show detailed work. thanks

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 Business Of Personal Finance

Authors: Joseph Calandro Jr, John Hoffmire

1st Edition

1032104562, 978-1032104560

Students also viewed these Finance questions

Question

25.0 m C B A 52.0 m 65.0 m

Answered: 1 week ago