You get a single payment loan of $4,400 at an interest rate of 12% the term of the loan is 172 days how much exact interest will

Question

3 years ago

5

you pay

2 answers:

bazaltina [42] · Answer 1 · 2022-04-18T21:09:03+03:00

9514 1404 393

Answer:

$248.81

Step-by-step explanation:

The interest formula is ...

I = Prt

where principal P earns interest at annual rate r for t years. Here, t is a fraction of a year: 172/365. The interest is ...

I = $4400×0.12×172/365 ≈ $248.81

You will pay interest of $248.81.

solong [7] · Answer 2 · 2022-04-18T23:14:32+03:00

solong [7]3 years ago

3 0

Answer:

<h3>$ 248. 81 is the answer.</h3>

Step-by-step explanation:

<h2> $\carryonlearning$ </h2>