Mathematics: Barbara d’angelo’s bank granted her a single-payment loan of $1,000 for 100 days at 12% ordinary interest. what is the amount of ordinary interest owed?

Barbara d’angelo’s bank granted her a single-payment

Ответ:

oliviaciscooc

07.07.2020

The formula is
I=prt
I interest owed?
P principle 1000
R interest rate 0.12
T time 100days/360days
360 days in a year which ordinary interest means
I=1,000×0.12×(100÷360)
I=33.33. ..Answer

Hope it helps!

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Ответ:

Laylahlettiere

02.04.2021

Mathematics

I believe it is standard. The equation for standard is ax+by+c.

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