Asked by Anonymous

Jefferson Bank made a loan at 6% interest for 146 days. If the amount of interest was $36.50, use the ordinary interest method to find the amount of principal borrowed. Round to the nearest whole dollar amount

Answers

Answered by Ms. Sue
I = PRT

36.5 = P * 0.06 * 0.4

Solve for P
There are no AI answers yet. The ability to request AI answers is coming soon!

Related Questions