asked 170k views
5 votes
Find the interest on the loan using the Banker's rule. P= $8550. r=8.8%, t= 105 days The interest on the loan using the Banker's rule is $​

asked
User NiRR
by
7.6k points

1 Answer

7 votes
The answer is $9474 because if you add p with r and multiple it by t you get 9474
answered
User Nicolas Forney
by
7.9k points
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