anonymous
  • anonymous
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.
Mathematics
chestercat
  • chestercat
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anonymous
  • anonymous
I have multiply like this 15000*7.4*90/365 in 3different calculators and is always different the answer
anonymous
  • anonymous
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)
anonymous
  • anonymous
it is 90/365

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