Question
Marta borrowed $1,950 from Jasper on November 20, 2019, and agreed to repay the debt with simple interest at the rate of 6.0% on June 12, 2020. Use Table 7.2.
How much interest was owed on June 12, 2020?
How much interest was owed on June 12, 2020?
Answers
mathhelper
count the number of days from Nov 20 to June 12 of the next year
Suppose you find it to be n days
I = PRT
= 1950(.06)(n/365) = ...
Suppose you find it to be n days
I = PRT
= 1950(.06)(n/365) = ...