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arigamez90
09.07.2019 •
Mathematics
Anjali went to citizens bank and borrowed $7,000 at a rate of 8%. the date of the loan was september 20. anjali hoped to repay the loan on january 20. assuming the loan is based on ordinary interest, anjali will pay back how much interest on january 20? a. $187.18 b. $187.17 c. $189.78 d. $188.22
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Ответ:
I = P x i x n
where I is the interest, P is the principal amount, i is the interest rate, and n is the number of years. Substituting the known values,
I = ($7000)(0.08)(1/3)
I = $186.67
Hence, the answer to this item is $186.67.
Ответ: