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Home Q & A Board Science-Related Homework Help Mathematics
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blankship blankship
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Compute the ordinary interest (360-day year) and the total amount of the loan in the following problems. Round answers to the nearest cent.

  
Ordinary
 
 Principal, Rate, and Time
Interest
Amount
a.$13,200 at 2.5% for 150 days
__________
__________
b.$  1,575 at 5% for 75 days
__________
__________
c.$  4,625 at 7% for 270 days
__________
__________
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
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benschmannbenschmann
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More solutions for this book are available here

a.Ordinary Interest: $137.50; Amount: $13,337.50
b.Ordinary Interest: $  16.41; Amount: $  1,591.41
c.Ordinary Interest: $242.81; Amount: $  4,867.81
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Thank you, thank you, thank you!
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