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kathyanna

  • 2 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.

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  1. kathyanna
    • 2 years ago
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    I have multiply like this 15000*7.4*90/365 in 3different calculators and is always different the answer

  2. estudier
    • 2 years ago
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    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
    • 2 years ago
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    it is 90/365

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