3 years ago

Single payment loan. Principal $10,500.00 annual rate of interest 15%, time 123 days. What is the total repayment

Mathematics

1 answer:

andrew-mc [135]3 years ago

4 0

Answer:

B, 11000

Step-by-step explanation:

assuming a 365 day year...

$10500*(1+.15)^{\frac{123}{365}}= 11006.35813$

which I guess is close enough to 11000

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