Asked by Leslie
A loan of $2500 is taken on March 15 and repaid September 15th. The interest rate for the loan was 17.75%. Find the interest using ordinary time and ordinary interest
Answers
Answered by
Ms. Sue
I=prt
I = 2500 * 0.1775 * 0.5
I = 2500 * 0.1775 * 0.5
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