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Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $ 4 6
Compute the principal (in $) for the loan. Use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $ 4 6 months $700 Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $115,000 % 2 years $19,550 Use the ordinary interest method to compute the time (in years) for the loan. Round your answer up to the next highest year when necessary. Principal Rate (%) Time Interest $25,000 8.3 years $8,300 Calculate the missing information for the loan. Round percents to the nearest tenth and days to the next higher day when necessary. Principal Rate (%) Time (days) Interest Method Interest Maturity Value (in $) $3,400 % 161 Exact $220 $
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