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18 December, 15:23

Find the interest. A 105-day note for $14,200 at 8.5% interest.

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Answers (1)
  1. 18 December, 19:07
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    Answer;

    $347.22

    Explanation;

    Principal = $14,200

    Rate = 8.5%

    Time = 105 days = 105/365

    Interest = Principal x Rate x Time

    Interest = 14,200 x 0.085 x 105/365

    Interest = 347.219

    = $347.22
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