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rosenrot rosenrot
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Deanna and her sister Molly borrowed $1,600 from their mother. Their mother only charged 3% ordinary simple interest and the loan was for two years. Compute the total interest and principal that the sisters need to repay their mother. (Use a 360-day year.)
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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damien03damien03
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More solutions for this book are available here
$1,600 ´ 0.03 ´ 2 = $96; $1,600 + $96 = $1,696
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rosenrot Author
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2 weeks ago
This calls for a celebration Person Raising Both Hands in Celebration
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You make an excellent tutor!
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Thanks
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