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kathyanna Group Title

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.

  • 2 years ago
  • 2 years ago

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

    • 2 years ago
  2. estudier Group Title
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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)

    • 2 years ago
  3. kathyanna Group Title
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    it is 90/365

    • 2 years ago
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