Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing

kathyanna

  • 3 years ago

Kristi Yang borrowed $15,000. The term of the loan was 90 days, and the annual simple interest rate was 7.4%. Find the simple interest due on the loan.

  • This Question is Closed
  1. kathyanna
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    I have multiply like this 15000*7.4*90/365 in 3different calculators and is always different the answer

  2. estudier
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    I get that to be 273.70 (I usually don't answer these questions because I never know whether it should be 90/365 or 90/360)

  3. kathyanna
    • 3 years ago
    Best Response
    You've already chosen the best response.
    Medals 1

    it is 90/365

  4. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy