Jennifer Kerber 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%
(a) How much must she pay the bank in 18 months?
(b) How much of the amount in part (a) is interest?.
Simple Interest PLEASE:)!!!!!!!!!!!!!!!!!!!?
She'll pay $629.52 a month, times 18 months, so that's $11,331.36 of which $881.36 is interest.... I think!!
wide children shoes
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment