3 years ago

What is the simple interest on $360 borrowed for 30 months at 12.3%?

Mathematics

2 answers:

vladimir2022 [97]3 years ago

5 0

$110.70 is the answer good luck!

astra-53 [7]3 years ago

3 0

Answer:

$110.70

Step-by-step explanation:

P (principal)=360

R(rate)=12.3%

T(time)=30 months (2 and half years)

I=360*12.3%*2.5

=$110.70

Just to note 12.3% is also 0.123 we sometimes change it into a decimal.

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