Question
The amount of $5,000 is borrowed for three months at an interest rate of 13% per year. If both simple interest and principal are paid
The amount of $5,000 is borrowed for three months at an interest rate of 13% per year. If both simple interest and principal are paid in one payment at the end of the three months the payment will be
A $ 162.50
B $ 650.00
C $ 5,162.50
D $ 5,650.00
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Personal Finance For Dummies
Authors: Eric Tyson
9th Edition
1119517893, 978-1119517894
