Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Use ordinary interest: Simple Interest Amount Paid Back Principal 12,000 Interest Rate 9% Date Borrowed Apr 05 Date Repaied Aug 09 Time days
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