Asked by l
principal is $750.00 rate is 9 1/2% for 200 days using a 360 day calendar year what's the interest?
Answers
Answered by
helper
Since you didn't specify, based on simple interest,
9 1/2% annual rate = 0.095
0.095/360 days = 0.000264 daily rate
I = PRT
I = 750 * 0.000264 * 200
I = ?
9 1/2% annual rate = 0.095
0.095/360 days = 0.000264 daily rate
I = PRT
I = 750 * 0.000264 * 200
I = ?
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