Question
please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as
please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible please need help as soon as possible
Samantha borrowed $6,000 on March 4th. The simple interest rate charged on her loan was initially 6.25% and increased to 6.50% on March 10th. Her bank charges interest at the end of each month. Calculate the missing value from the table below.
- Time Period/ #Days / Interest Rate / Interest Amount
- Mar 4 - Mar 10 / 6 / 6.25 % / A
- Mar 10 - Mar 31 / 21 / 6.50 % / B
- Total Interest Due / C
Place the value for A in the first row, B in the second and C in the third.
Round your answer to 2 decimal places.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started