3 years ago

Please help! It is due very soon today :/ question is in the linked picture

Mathematics

1 answer:

Oliga [24]3 years ago

5 0

Answer:

$360.00

Step-by-step explanation:

The amount of interest due can be found from the formula ...

i = Prt

where P is the loan amount, r is the annual interest rate, and t is the number of years the amount accumulates interest.

Filling in the given values, we have ...

i = $15,000·0.072·(4/12) = $360

The accumulated interest after 4 months is $360.

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