Asked by Mike
Ms. Jackson borrowed $42,000 at 8.75% annual simple
interest to buy her house. If she won the Irish Sweepstakes
exactly 1 yr later and was able to repay the loan without
penalty, how much interest would she owe?
interest to buy her house. If she won the Irish Sweepstakes
exactly 1 yr later and was able to repay the loan without
penalty, how much interest would she owe?