Question
Yas borrowed $ 14,569 from her parents to finance a vacation. If simple interest was charged on the loan at 7.16% how much interest would
Yas borrowed $ 14,569 from her parents to finance a vacation. If simple interest was charged on the loan at 7.16% how much interest would she have to pay in 60 days? The interest charged would be $____
. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Enter your answer in the answer box and then click Check Answer. All parts showing
A loan of $2340 can be repaid in 190days by paying the principal sum borrowed plus $65 interest. What was the rate of interest charged?
The simple interest rate is ______
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
Mac's credit card statement included $1556.00 in cash advances and $72.49 in interest charges. The simple interest rate on the statement was
9 1/2% p.a. For how many days was Mac charged interest? The number of days required is ______
(Round up the final answer to the nearest day as needed. Round all intermediate values to six decimal places as needed.)
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