Asked by prerna
$720 borrowed on January 9, 2014, was repaid with interest at an annual rate of 7% on July 1, 2014.
What was the amount of interest? (Round your answer to 2 decimal places.)
What was the amount of interest? (Round your answer to 2 decimal places.)
Answers
Answered by
Reiny
count the days
Interest = 720(.07)(days/365)
=
Interest = 720(.07)(days/365)
=
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