Simple Interest, Jennifer borrows $10,450 from her bank to open a florist shop. She agrees to repay the money in 18 months with simple interest of 10.4%. How much will she pay the bank in 18 months? How much of the amount she pays is interest??
Find all real solutions?
18 months = 1.5 years
$10,450 x 1.5 x 10.4% = $1,630.20 (Interest)
$10,450 + $1,630.20 = $12,080.20 (P + I)
Good luck!
dress shoes
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment