Question

Sam Sounds received a $290 discount loan to purchase a stereo. The loan was offered at 16% for 90 days. Find the interest in dollars and the proceeds for the following problem.
The interest is ??? 10.60,11.60,12.60

The proceeds are ??? 278.40, 278.40, 279.40

Answer 1

I think the interest is 10.60.
And the proceeds are 278.40.