Register

A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.

A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.
asked 196k views
5 votes
A bank loaned Peggy $3,000 at 13.5% ordinary interest for 90 days. Find the amount of interest she owed on the loan.

asked
User Joel Cunningham
by
8.2k points

1 Answer

2 votes
I think it's $405 because that's the product of the decimal form of 13.5% (.135) and the amount loaned (3,000).
answered
User Gawayne
by
7.7k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
i have a field 60m long and 110 wide going to be paved i ordered 660000000cm cubed of cement  how thick must the cement be to cover field
Link Copied!