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Calculate the simple interest due on a 54-day loan of $3600 if the interest rate is 3%. (Round your answer to the nearest cent.)

Calculate the simple interest due on a 54-day loan of $3600 if the interest rate is 3%. (Round your answer to the nearest cent.)
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5 votes
Calculate the simple interest due on a 54-day loan of $3600 if the interest rate is 3%. (Round your answer to the nearest cent.)

asked
User Runfastman
by
8.4k points

1 Answer

7 votes

Answer:

$5832.00cents

Explanation:

PRT÷100

$3600 ×54 ×3 /100

= $5832.00cents.

answered
User Himanshu Shankar
by
8.2k points
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