I = Adt; where p = $290 is the Amount of the loan, d = 16% = 0.16 is the discount rate and t = 90days = 90/365 = 18/73 is the period.
I = 290 x 0.16 x 18/73 = 11.44
Interest = $11.44
Proceed = Amount - Interest = 290 - 11.44 = $278.56
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Answer: 5 Hope this helped-
Answer:
10.15
Step-by-step explanation:
Subtract:
10.15 - 10.1 = 0.05
10.15 is greater than 10.1 by 0.05
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