Asked by jeff
f) Calculate the simple interest for a loan for $24,700, for 2 1/4 years at 3.4% interest per year. Round to the nearest cent.
Answers
Answered by
bobpursley
simple interest.
2 1/4 years is 9 quarters.
Interest:
24700*9*.034/4 =
2 1/4 years is 9 quarters.
Interest:
24700*9*.034/4 =
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.