The interest paid for the loan will be:
I=(PRT)/100
P=$749.25
R=12%
T=120 days=120/30=4 months=1/3 years
Hence:
I=(749.25×1/3×12)/100
I=$29.97
The proceeds will be:
Net proceeds=(gross proceeds)-(expenses)
=749.25-29.97
=$719.28
Answer:
=> (5200 X 9)/5.5=8509
Step-by-step explanation:
Ok so when the divisor get larger, the quotient gets smaller.
For example, 15 ÷ 3 = 5. If we make the divisor larger, you can see the quotient get smaller. 15 ÷ 5 = 3.
The same thing goes for the other way around. If the divisor gets smaller, the quotient gets larger. Hope I helped!
