Find the interest. A 105-day note for $14,200 at 8.5% interest.

Physics

1 answer:

mr Goodwill [35]4 years ago

7 0

<h3>Answer;</h3>

$347.22

<h3>Explanation;</h3>

Principal = $14,200

Rate = 8.5%

Time = 105 days = 105/365

Interest = Principal x Rate x Time

Interest = 14,200 x 0.085 x 105/365

Interest = 347.219

= $347.22

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