Need help ASAP it’s due at 12! The screen couldn’t fit, this is the clearest pic I can get! If anyone can help it will be greatl

Question

3 years ago

15

y appreciated!

1 answer:

Tamiku [17] · Answer 1 · 2022-06-26T22:27:09+03:00

Step-by-step explanation:

Since ,

Money lended =$400

Intetest =27.74%

Therefore,

Intetrst=p×r×t/100,if interested monthly

=400×27.74×1/100(interested monthly)

=4×27.74

=$110.96

Interest=p×r×t/100×1/12,if interested anually

=400×27.74×1/100/12

=110.96/12

=$9.24 or it will be $110.96 if it is interested anuaaly..