Find the exact interest from October 2 to October 20 on 1,100 borrowed at 8 interest using the daily ...

Author Question: Find the exact interest from October 2 to October 20 on 1,100 borrowed at 8 interest using the daily ... (Read 358 times)

mmm

Hero Member
Posts: 558

on: Jun 24, 2018

Find the exact interest from October 2 to October 20 on 1,100 borrowed at 8 interest using the daily interest factor.

Question 2

Leila Gerstman borrows 4,500 for 180 days at 7 exact interest. Calculate how much interest she must pay on the loan and how much will be due at maturity.

okolip

Sr. Member
Posts: 362

Reply #1 on: Jun 24, 2018

Answer to Question 1

4.34

Answer to Question 2

155.34, 4,655.34

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